India's Nifty climbs as Asia AI chip stocks plunge on Nasdaq rout
Economic Times (Nov 6 ~05:29Z): Sensex +1,718 / Nifty reclaims 25,000 as FIIs buy; Nikkei ~−7%, Kospi >−8% on AI selloff.
Why it matters
India’s benchmarks finished Friday as Asia’s rare green screen while Japan, Korea and Taiwan absorbed the Nasdaq AI rout. Economic Times frames the outperformance as lower AI-capex exposure plus the biggest single-day FII buy in more than a year. Analysts argue an unwind of crowded AI trades can rotate capital into India and Brazil. Watch whether foreign inflows hold next week and whether large-cap financials keep leading the bounce.
Key facts
- Nifty reclaimed 25,000
- Sensex +1,718 pts Friday
- Nikkei ~−7%, Kospi >−8%
- FII single-day buy >1 year high
- ET updated ~05:29Z Nov 6