Indian shares buck AI carnage in Asia as IT stocks lead gains - Markets - Business Recorder
β’ Indian stock markets defied a broader Asian downturn, with the Nifty 50 rising 1.1% to 24,250.2 and the BSE Sensex gaining 1.16% to 77,654.6. β’ The rally was primarily driven by gains in IT stocks, contrasting with a sharp correction in chip stocks across South Korea. β’ Geojit Investments strategist VK Vijayakumar suggests this shift may benefit India by reviving foreign investor interest in non-AI focused markets.
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