India's $6.5 Billion Buying Frenzy: Time To Move On

India: The anti-AI trade

India has emerged as one of the biggest beneficiaries of the global AI unwind. TS Lombard highlights that foreign investors have poured roughly $6.5 billion into Indian equities so far in November, following heavy selling throughout most of 2026. India is now the best-performing emerging market this month, with the Nifty recovering to its pre-war February levels. Having missed much of the AI boom, India is suddenly benefiting from the rotation away from the very stocks that dominated global markets. The AI unwind is becoming India's positioning tailwind.