Whalesbook
Indian benchmark indices, the S&P BSE Sensex and NSE Nifty50, opened lower on Wednesday due to growing global market caution, particularly concerning 'frothy' AI-linked stock valuations. Analysts note that while a global AI correction might benefit India, investors should prioritize safety by focusing on large-cap stocks. Supportive factors include lower inflation and expectations of an India-US trade agreement, though FII selling and nervousness around US economic data persist.