STOCK MARKET : INDIA BACK ON INVESTOR RADAR AS THEY WARM TO NON AI STORIE , SAYS HSBC

What happened: HSBC said India is back on investors' radar as valuations became more reasonable and investors showed greater interest in non artificial intelligence stories. Key numbers: Nifty 50 trading at around 16 times forward earnings, a level reached only twice in the past decade. Why it matters: HSBC sees India as offering diversification and identified opportunities in financials, industrials, renewables and select consumer and metal stocks, while cautioning on risks.

HSBC said India is back on investors' radar as valuations became more reasonable and investors showed greater interest in non artificial intelligence stories.

HSBC sees India as offering diversification and identified opportunities in financials, industrials, renewables and select consumer and metal stocks, while cautioning on risks.