India Stocks Shine as Foreigners Seek Defense Against AI Storm

India Stocks Shine as Foreigners Seek Defense Against AI Storm Good morning... I’m Savio Shetty bringing your pre-market briefing from a rain-soaked Mumbai. Bulls enter the new week with confidence after the Nifty’s four-week winning streak, the longest stretch of gains since late October. The rupee has steadied, oil is sliding, and foreign investors are buying again. India may not have had much to offer those chasing the AI boom, but with the frenzy over that trade cooling, investors are starting to take another look at the market. It is still too early to call this a decisive turn, though. Much will depend on earnings season, with Tata Consultancy Services kicking things off Thursday and its commentary on the AI landscape likely to be watched closely. Meanwhile, just days after hosting his Japanese counterpart, Sanae Takaichi, in India, PM Narendra Modi is visiting Indonesia from July 6-8. The trip is expected to yield agreements in several areas including health, space, science and technology and digital cooperation. Beyond strategic ties, the two emerging-market peers have shared recent economic headwinds, with the war-driven oil price surge weakening the rupee and rupiah and prompting central banks in both nations to intervene in FX markets.