New Delhi, Oct. 15 -- Indian stocks surged on Thursday, bucking a global sell-off in artificial intelligence (AI) and technology shares as domestic buying and a rush by traders to reverse their bets against the market fuelled the rally. However, market experts do not see the uptrend sustaining as of now as foreign funds continue to pull money out of Indian equities.

The Nifty 50 index closed 1.66% higher at 22,997.35 on Thursday, clocking its biggest rise in percentage terms since 12 June. The Sensex 30 index closed 2.1% up at 74,315.61, similarly recording its highest rise since 12 June.

Heavyweights ICICI Bank, Reliance Industries Ltd, HDFC Bank and Bharti Airtel buoyed the index. Domestic institutional investors (DIIs) net bought sha...