Key takeaways
- Over the last month, India's Nifty 50 has gained nearly 9%, while markets with heavy AI exposure, including the U.S., Japan, South Korea and Taiwan are deep in the red.
- The Indian stock market is emerging as an attractive hedge as investors seek refuge from a brutal sell-off in the artificial intelligence trade, making it a strong contender for global capital.
- "India has emerged as an 'AI hedge' for portfolios trimming or diversifying out of crowded AI trades," Batra said.
Some global investors are pegging India as an AI hedge amid the deepening global tech sell-off. Foreign investors, which net sold more than $31 billion until October of this year, have turned net buyers over the past four days, investing over $2.3 billion.
