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India's Nifty 50 Gains Nearly 9% in a Month as AI-Heavy Markets Fall
India's Nifty 50 has gained nearly 9% in a month while AI-heavy markets in Asia and the U.S. fell.
Key points
- The Nifty 50 has gained nearly 9% over the last month, outperforming markets with heavy AI exposure.
- Foreign investors have been net buyers over the past four days, investing over $2.3 billion, per NSDL data.
- Bernstein disagrees that India is an AI hedge, saying it is neither an AI beneficiary nor an anti-AI trade.
Why it matters. Foreign investors who have been underweight Indian equities could return as AI sentiment sours, while Bernstein argues India should not be viewed as an AI hedge.
India's benchmark Nifty 50 has risen nearly 9% over the last month, outperforming markets with heavy AI exposure such as the U.S., Japan, South Korea and Taiwan. Foreign investors have turned net buyers over the past four days, investing over $2.3 billion, according to NSDL data. JPMorgan's Rajiv Batra said that if foreign long-only investors neutralize their underweight in Indian equities, this could translate into potential net inflows of around $115 billion.
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India's Nifty 50 Gains Nearly 9% in a Month as AI-Heavy Markets Fall
India's Nifty 50 has gained nearly 9% over the last month, according to CNBC. Markets with heavy AI exposure, including the US, Japan, South Korea and Taiwan, are deep in the red over the same period. CNBC reports that investors are seeking refuge from a sell-off in artificial intelligence stocks. The Indian market is being viewed as a possible hedge against the decline.