India, July 17 -- Indian shares rallied on Friday, with expectations around an upcoming MSCI Index rebalancing and the cooling of Asia's AI chip rally boosting sentiment.
Investors are pinning hopes that an upcoming MSCI index rejig, which could add up to 12 stocks, may trigger about $2.3 billion in passive investment flows.
Meanwhile, AI-heavy markets in South Korea and Taiwan have come under intense selling pressure in recent sessions due to concerns over possible overcapacity in AI infrastructure.
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