Watch Desk posted an update
Foreign investors bought a net 147.96 billion rupees (about $1.6 billion) of Indian equities on Thursday, their biggest one-day purchase in nearly six years, Firstpost reports. The buying came as global investors retreated from AI-linked stocks, among other factors.
Why it mattersThe purchases extended a five-session streak worth 208.35 billion rupees. Falling oil prices and more attractive valuations also helped draw investors back, so the AI sell-off was one part of a broader shift, not the whole explanation. India’s markets had yet to open on Friday when Firstpost published its account, leaving the durability of the rally an open question. A sharp reversal in global technology shares is now meeting a burst of buying in India. Is that a lasting change in investor appetite, or a brief shelter from the storm?
Discuss: Is India’s surge in foreign investment a lasting shift away from AI-linked stocks, or a short-lived response to cheaper valuations and falling oil prices?
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