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India’s AI opportunity is hiding beneath the index

5 days ago 1

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SENSEX   74,529.08

 -329.91

NIFTY   23,329.00

 -85.30

CRUDEOIL   8,765.00

 -71.00

GOLD   152,447.00

 -647.00

SILVER   238,924.00

 -393.00

SENSEX   74,529.08

 -329.91

NIFTY   23,329.00

 -85.30

NIFTY   23,329.00

 -85.30

CRUDEOIL   8,765.00

 -71.00

CRUDEOIL   8,765.00

 -71.00

GOLD   152,447.00

 -647.00

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India has lagged major markets as weaker AI exposure coincided with lower correlation to the global AI theme, highlighting the benchmark’s limited participation in the technology-led rally in recent years. AI-related stocks account for only 16% of MSCI India, well below the exposure seen in Korea, Taiwan, China and Japan. Goldman Sachs identifies 42 AI Enablers across power, data centres and semiconductors, with the cohort up 60% in 2026, even as the Nifty declined 12%. Their exposure is concentrated in power equipment, utilities and technology hardware, while the group spans large, mid, small and micro-cap companies. Key facts: Compiled by Dhuraivel Gunasekaran

istock photo for BL

istock photo for BL | Photo Credit: iStockphoto

Published on September 22, 2026

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The HinduBusinessLine

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