BENGALURU, Sept 8 Reuters Indian shares inched up to their highest in more than one month on Friday, led by gains in energy stocks, to extend a fivesession winning streak and largely ignoring the softness in global equities.

The Nifty 50 index was up 0.1 at 19,739 by 1043 a.m. IST, while the SP BSE Sensex rose 0.1 to 66,339.

The benchmarks are on track for their second straight week of gains and could see their best week since the week ending June 30.

Asia39;s stock markets dipped on Friday after an overnight drop in technology stocks in the United States over deepening SinoU.S. tensions.

We are seeing fresh interest in Indian equities after last week39;s GDP data. India is being seen as a safe haven amidst global uncertainly and geopolitical tensions, said Samrat Dasgupta, CEO at Esquire Capital Investment Advisors.

India39;s firstquarter GDP grew at 7.8, the fastest in a year, and the bluechip Nifty 50 and Sensex indexes have recovered nearly 3 from the near twomonth lows hit late August.

However, we are seeing pockets of euphoria in mid and smallcaps, exemplified by some of the excessive oversubscriptions in lowquality SME IPOs, Dasgupta said.

The small and midcap stocks extended their record run on Friday and are up 32 and 29, respectively so far this year, outpacing the 9 gains in bluechip indexes.

Energy companies and public sector enterprises were top gainers, rising 0.6 and 1.3, respectively.

The indexes have risen 3.4 and 4.5, so far this week,…