Bharath Rajeswaran

Inflows into Indian equity mutual funds hit a five-month high of 383.07 billion rupees ($4 billion) ​in September, driven by record monthly investments despite a market ‌selloff and sustained foreign selling.

Shares of Tata Consultancy Services rose on Friday after reporting steady margins despite ramping up artificial intelligence investments, boosting confidence it can preserve profitability amid weak demand.

Indian shares snapped two days of gains on Wednesday after the central bank raised interest ​rates and shifted its policy stance to "calibrated tightening", underscoring inflation risks from high oil ​prices and tighter global monetary policy.

India's top IT companies are set to report another quarter of weak earnings and could trim their annual revenue growth forecasts, five brokerages said, as AI-driven pricing pressure and tepid spending by ​clients bite.

National Stock Exchange of India shares closed 1.8% higher on their trading debut on Thursday, after a $2.3 billion ​IPO, the country's second-biggest.

Indian share benchmarks advanced as oil prices held near their lowest in more than two ​weeks on Wednesday, while lingering Middle East uncertainty kept a lid ‌on gains.

The National Stock Exchange of India's $2.3 billion IPO was fully subscribed on the second day ​of bidding, putting the spotlight on its September 24 debut as investors weigh ‌the potential for quick listing gains amid limited share supply.

Indian investors poured a record amount into mutual funds through monthly savings plans in August, continuing to invest even as the market came under ​pressure, data from the Association of Mutual Funds in India showed on ‌Thursday.

Indian shares fell on Wednesday as a fresh escalation in the Middle East conflict had Brent ​crude hurtling toward $100 per barrel, a pain point for the world's ‌third-largest crude oil importer.

Foreign portfolio investors poured $3.1 billion into Indian equities in August, the highest monthly inflow in nearly two years, aided by domestic ​companies' strong earnings outlook and the central bank's measures to stabilise the rupee.