Funds pull $8.5B into India as AI trade unwinds, MSCI India rebounds 11%
nordicinst · x · 2026-11-15
- Indian equities slumped in the first nine months of 2026 as the AI trade hoovered up global capital; with that bet unwinding, MSCI India has rebounded 11% from its October low, adding over $400B in value and nearly erasing this year's losses.
- Overseas buyers snapped up a net $8.5B of Indian shares in November, on track for the biggest monthly inflow in six years; India's low AI exposure has become a prime advantage.
- Pictet Asset Management says it has added back exposure, citing improving macro conditions and diversification away from the increasingly volatile AI trade.
- The rotation from crowded tech bets toward earnings-backed markets may mark a turning point for emerging markets overall.
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