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Nifty hit by $39 billion FII selloff but why is BlackRock's Ben Powell betting big on India

Posted on May 6, 2026
By Business News Today
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1 min read

Nifty hit by $39 billion FII selloff but why is BlackRock's Ben Powell betting big on India

Despite a $39 billion FII selloff, BlackRock's Ben Powell remains overweight on India, citing normalized valuations and strong medium-term economic prospects driven by demographics and reforms. He attributes the foreign exodus to AI fever and the energy crisis, neither of which he believes alters India's fundamental growth story.