Valuation jitters in AI stocks drag Indian indices; volatility index spikes
Mumbai: India’s equity indices declined 0.5% on Friday, mirroring the overnight weakness on Wall Street, as concerns over the valuations of technology giants overshadowed strong earnings by Nvidia a day before. The NSE Nifty finished at 26,068, down 0.5%, or 124 points. The BSE Sensex ended at 85,231, down 0.5%, or 400 points. Nifty and…