Markets Daily India

BlackRock’s Larry Fink Is Bullish on India

It’s vital for Indians to invest alongside the nation’s economic growth: Fink.

Larry Fink, chief executive officer of BlackRock Inc., during the World Economic Forum (WEF) in Davos, Switzerland last month. Photographer: Krisztian Bocsi/Bloomberg

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By Alex Gabriel Simon and Ashutosh Joshi

February 5, 2026 at 2:46 AM UTC

This article is for subscribers only.

Good morning...

I’m Ashutosh Joshi, an equities reporter in Mumbai, with the news and analysis you need before the start of the Indian trading day.

There are signs that sentiment for India’s stock market may finally be on the mend. The Nifty 50 rose to a three-week high on Wednesday even as concerns over artificial intelligence-led disruptions sparked a rout in heavyweight tech shares (read the Markets Buzz for more). There’s a nascent reversal in foreign outflows, too, amid optimism over India’s trade deals with the US and EU, and the federal budget. Global funds bought a net $836 million worth of Indian stocks on Tuesday, the most in almost three months. It remains to be seen if the Nifty is able to overcome the broad weakness in Asian equities this morning and extend its winning run. Meanwhile, gold is up again, and we’ve got some big earnings today: Bharti Airtel, Hero MotoCorp, Indian Oil, Tata Motors PV and LIC.

In today’s newsletter, we cover:

But first, a look at the multi-billion dollar tech selloff.