Indian stock-index futures gained after the benchmark gauges posted the longest weekly rally since September 2013.

SGX CNX Nifty Index (NIFTY) futures for September delivery climbed 0.4 percent to 8,138.5 at 10:07 a.m. in Singapore. The underlying CNX Nifty Index on the National Stock Exchange of India Ltd. fell 0.1 percent to 8,086.85 on Sept. 5. The S&P BSE Sensex (SENSEX) lost 0.2 percent to pare its weekly increase to 1.5 percent, a fourth week of advances. The Bank of New York Mellon India ADR Index of U.S.-traded shares rose 0.2 percent.

Indian stock indexes gained last week after data showed on Aug. 29 that the country’s economy expanded at the fastest pace in nine quarters in the three months ended June. International investors bought a net $ 287 million of local stocks on Sept. 4, taking this year’s inflows to $ 13.6 billion, the most among eight Asian markets tracked by Bloomberg.

“We expect the markets to remain upbeat and foreign institutional investor flows shall continue to enter emerging markets like India,”​Rakesh Goyal, senior vice president at Bonanza Portfolio Ltd., wrote in an e-mail on Sept. 5.

Prime Minister Narendra Modi’s administration has prioritized curbing food costs, part of a sweeping agenda that also seeks to revive economic growth. The Reserve Bank of India has signaled it could ease monetary policy if inflation slows faster than anticipated.

The Sensex is valued at 15.7 times projected 12-month earnings, compared with the MSCI Emerging Markets Index’s multiple of 11.4. The measure has advanced 28 percent this year, the most among the world’s 10 largest equity markets.

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To contact the editors responsible for this story: Michael Patterson at Phani Varahabhotla, Chan Tien Hin