We find no evidence of over-optimism in the domestic stock market. YTD, India is underperforming developed markets like the US by 50% (S&P500 18% vs. Nifty50 is 9%), despite the fact that the domestic economy is stable while the US is still at risk of recession.
Wall Street ends lower; fears of AI bubble and inflation send investors away
Technology stocks led a broad market decline on Friday, with the S&P 500 and Nasdaq falling over 1%. Concerns over an AI bubble, fueled by