Market pulse: Is India the contrarian bet against the global AI frenzy? Jefferies explains the ‘reverse AI trade’
India has slipped into the “reverse AI trade” category within emerging markets after an unusually weak year, even as strong domestic inflows prevented a sharper slide, ET reported, citing Chris Wood, global head of equity strategy at Jefferies.In his Greed & Fear note, Wood pointed out that India has lagged the MSCI Emerging Markets Index…