India as an AI hedge? The country's stocks could see robust inflows as markets globally tank

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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. As sentiment around AI sours, foreign investors, who have been underweight on the Indian market for nearly two years due to high valuations, subdued earnings growth and lack of local AI tech champions, could start returning. "If these foreign long only investor groups were to neutralize their underweight in Indian equities, this could translate into potential net inflows of around $115 billion," Rajiv Batra, head of Asia and co-head of global emerging markets equity strategy at JPMorgan, told CNBC.