Investors seek shelter in India from AI storm

After losing out big on the global artificial intelligence (AI) rally, Indian equities are regaining the attention of investors seeking to weather the latest market turbulence.

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With the AI frenzy roiling benchmark gauges from Asia to the US, the NSE Nifty 50 Index is becoming a safe haven of sorts for global investors. In the first half of the year, it moved 1% or more on just about one-third of the days—less than the MSCI Emerging Markets Index and barely more than the S&P 500 Index.

India’s lack of AI plays has been a hurdle most of the year as investors turned to markets like South Korea and Taiwan that delivered stellar returns. But with concerns mounting over the sustainability of that trade, interest in India is slowly coming back.