For the last two years, the Indian stock market has been a growth ghost town, pacing back and forth to deliver a frustrating zero per cent return as Nifty heavyweight Dhurandhars look bloodied and written off by global investors. But you can't keep true champions down for long, and to borrow the legendary cinematic warning: “Ghayal hoon isiliye ghatak hoon!” It is precisely because these market powerhouses are wounded that they have now become incredibly dangerous for bears, and possibly ripe for an explosive rally.
As a violent tech-led meltdown triggers an unwinding of the global artificial intelligence trade in America’s Nasdaq, South Korea and Taiwan, analysts say India could emerge as the ultimate "anti-AI" trade, positioning Dalal Street to become a major relative beneficiary and an oasis of peace in a fracturing financial landscape.
