AI selloff hits India too: TD Power, HFCL, Sterlite, other power capex-linked stocks crash up to 15%
The Economic Times ·
Indian power capex and AI-linked stocks tumbled as a global technology sell-off spread across markets, with TD Power and Thermax plunging 15% each. Concerns that US midterm election results could slow data centre expansion and AI infrastructure spending triggered sharp losses across Asian technology stocks and domestic market-linked companies.