FIIs return to Dalal Street, pump Rs 38,971 crore into Indian equities amid AI sell-off

FIIs pour in Dalal Street after global AI stocks tumble NEW DELHI: Foreign portfolio investors (FPIs) have invested Rs 38,971 crore in Indian equities this week, as a sharp fall in global technology stocks flipped investment trends. Concerns over heavy spending on artificial intelligence (AI) and a possible slowdown in data centre investments have triggered selling across global markets, making Dalal Street more attractive to foreign investors. Overseas investors had earlier been selling Indian shares as money moved towards AI-focused markets, according to NSDL. However, the recent fall in AI stocks has led to a change in strategy, with foreign…