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Nifty rocked by 39 billion FII selloff yet BlackRock stays overweight on India
Economy
Published on 6 May 2026
He blames AI fever and the energy crunch
Even as the Nifty faces a $39 billion foreign institutional investor selloff, BlackRock’s Ben Powell says he remains overweight on India. His view rests on normalized valuations and durable medium-term growth, supported by demographics and policy reforms. Powell argues the current foreign withdrawal is driven by short-term concerns—AI-driven risk appetite and an energy crunch—rather than a break in India’s fundamentals.
- BlackRock’s Ben Powell stays overweight despite a $39 billion FII selloff
- Powell points to normalized valuations and strong medium-term growth drivers
- Foreign outflows are linked to AI-driven sentiment and energy worries
- He says neither factor changes India’s fundamental growth story
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times