D-Street’s proxy AI trade shines in a bleak year for stocks
A handful of Indian stocks seen as proxies for the global artificial intelligence boom have surged this year even as the broader market, which has few listed AI beneficiaries, has struggled.
India’s benchmark Nifty 50 index has fallen 13% in 2026, putting it on track for its worst year since 2011. MSCI’s emerging markets index, by contrast, has gained more than 18% so far this year.
