Lack of AI heft may not be the only reason for Indian market’s underperformance

Lack of AI heft may not be the only reason for Indian market's underperformance


The stocks have fallen a lot and yet aren’t cheap. Here’s why.

Lack of AI heft may not be the only reason for Indian market's underperformance
At a time when stocks in Taiwan and Korea have surged at least 45%, India’s Sensex is down over 11% (at close on May 6) since the start of the year. The sell-off has contributed significantly to the 12% fall in the rupee’s value against the US dollar during the period.

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