India’s Nifty 50 Holds Steady as Asian Markets Sell Off

India’s Nifty 50 rose 0.17% to 23,850.35 on Wednesday, while Asian chip-heavy markets fell more than 3%. Tax-relief hopes, renewed foreign buying and the index’s lower exposure to AI hardware are supporting it, according to BeInCrypto. Global funds bought a net $2 billion of Indian stocks in the last two weeks of October, reversing the earlier rotation toward Korea and Taiwan. Brent crude near $103 a barrel and the lack of a tax-relief timeline remain risks.