Global stock markets are tumbling, yet India stands apart—its lack of AI exposure has paradoxically become an advantage.

Over the past month, India's Nifty 50 Index rose by approximately 1% against the broader market trend, while the MSCI Emerging Markets Index declined by more than 9%. As global AI-related trades cooled, India’s relatively low exposure to AI became an advantage, attracting capital inflows. Additionally, falling oil prices, a stabilizing rupee, and improving earnings expectations provided further support. However, high valuations remain a key constraint, with over 30% of index constituents trading at price-to-earnings multiples above 50x, making it difficult to fundamentally reverse the prevailing trend of capital outflows.

wallstreetcnJul 17 22:40

Indian Central Bank Holds Rates as Mideast War Keeps Outlook in Flux

India's central bank kept its policy rate steady in a widely expected decision as policymakers around the world gauge how to react to the rapidly evolving war in the Middle East.

WSJApr 8 15:11