Nifty, Sensex End Lower as Oil, AI Buzz, U.S. Inflation Pressure India Stocks
Indian stocks slipped a bit on Thursday, with the Nifty 50 down 0.23% at 23,161.60 and the BSE Sensex off 0.2% to 73,832.55. Losses in technology shares stretched to a seventh session, outweighing gains in private banks. Middle East worries also weighed. “Software productivity gains are arriving much faster than in non-software domains,” Kotak Securities’ Sumit Pokharna said. India’s market hardly budged, but the outside pressure is mounting. Three levers—imported crude, U.S. rate risk, and artificial intelligence—are now working on the market at once. That last one is starting to press on India’s traditional outsourcing business, which has always depended on lots of labor.