India’s Nifty hits three-month high as other major Asian markets fall
India’s NSE Nifty 50 Index rose as much as 0.5% on Friday to a three-month high, led by software exporters and automakers. No other major Asian market was trading higher as of 10 a.m. in Mumbai amid renewed concerns over artificial intelligence. Global funds bought more than $4 billion of Indian shares over 11 sessions through Wednesday, while provisional data showed a further $1.6 billion net inflow on Thursday.