{"id":6273,"date":"2026-11-09T09:00:00","date_gmt":"2026-11-09T06:00:00","guid":{"rendered":"https:\/\/bricsmagazine.com\/en\/?p=6273"},"modified":"2026-11-13T00:11:02","modified_gmt":"2026-11-12T21:11:02","slug":"india-stock-market-ai-selloff-oil-prices","status":"publish","type":"post","link":"https:\/\/bricsmagazine.com\/en\/main-issue\/agenda\/brics-plus-news\/india-stock-market-ai-selloff-oil-prices\/","title":{"rendered":"While the AI market is being sold off, India is making money on it"},"content":{"rendered":"\n

While Asia was selling off technology stocks, India went against the market. On November 6, the Nifty 50 rose<\/a> by 2.01%, the Sensex by 2.17%, and over the week the indices gained 8.6% and 8.8% respectively \u2014 their highest level since February 2021.<\/p>\n\n\n\n

For comparison, on the same day the Nikkei and Kospi each lost approximately 6%, while the Taiwanese market fell by 4.5%. The sell-off followed a decline in U.S. technology stocks: the Nasdaq dropped 5.5%, experiencing its steepest fall since the tariff shock of 2025.<\/p>\n\n\n\n

The plunge was attributed to a combination of factors. Investors were spooked by the prospect of tighter artificial intelligence regulation in the United States, while the sheer scale of the decline was amplified by overcrowded positions, borrowed capital, and forced hedging, according to fund managers interviewed by Reuters. Even before this, the market had been questioning whether massive investments in AI could ever pay off the billions of dollars in debt and equity financing. The distinctive feature of the current AI cycle is that it relies primarily on capital expenditures and requires a constant influx of money, which is why any cooling of financial markets quickly hits the entire sector.<\/p>\n\n\n\n

However, the situation in the AI sector has actually benefited the Indian stock market. What was previously considered a weakness of the Indian market suddenly became an advantage. Unlike South Korea, Taiwan, and Japan, India is far less dependent on manufacturers of advanced chips and data center equipment; its indices carry greater weight in banks, consumer companies, and industry.<\/p>\n\n\n\n

India’s second windfall came from oil<\/a>. Brent crude fell by nearly 20% over the week, and the country imports about 88\u201390% of the oil it consumes. This reduces the import bill, eases pressure on the rupee and inflation, and supports corporate profits. Capital responded quickly. On November 5, foreign institutional investors bought approximately 150 billion rupees ($1.6 billion) worth of Indian stocks \u2013 the largest single-day net inflow in nearly six years. During the first week of November, inflows approached $3 billion.<\/p>\n\n\n\n

The main beneficiaries were financial companies: the sector grew by 10.4% over the week, HDFC Bank by 13.8%, and ICICI Bank by 12.4%. Reliance Industries added 13.3%.<\/p>\n\n\n\n

However, for now this is more of a sharp capital rotation than a new long-term trend: even after the strong rebound, Nifty remained 4.2% below its year-to-date start and Sensex 4.9% lower, while MSCI Emerging Markets was about 7% higher.<\/p>\n\n\n\n

But the reversal itself is telling: while the markets most overheated by the AI boom are losing capital, India is gaining it thanks to a different economic structure \u2013 a large domestic market, banks, industry, and cheap oil.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sharp decline in the AI rally and a nearly 20 percent drop in oil have brought foreign capital back to the Indian market.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,1042,3],"tags":[],"country":[],"authors":[],"class_list":["post-6273","post","type-post","status-publish","format-standard","hentry","category-agenda","category-brics-plus-news","category-main-issue"],"acf":[],"yoast_head":"\nIndian stock market rises amid AI stock sell-off - BRICS Business Magazine - EN<\/title>\n<meta name=\"description\" content=\"While Asian technology markets are losing ground, Indian indices are rising. 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