Indian stock gauges rose over one percent on Wednesday. Overseas fund flows are expected to shift into local technology companies. The Nifty and Sensex closed higher, reflecting positive investor sentiment. Declining crude oil prices and a stronger rupee also supported market gains. Foreign and domestic institutions were net buyers of shares.

Indian markets remain resilient amid South Korea's downturn, with IT stocks surging as Nifty 50 closes nearly flat.

Benchmark indices surged nearly 1% in early trade, with Sensex rising over 700 points and Nifty crossing 24,150 despite a spike in oil prices. Gains were supported by IT stocks,…