India's equity market has been "over-punished" for lacking a direct artificial intelligence (AI) play and for its exposure to rising oil prices, according to BlackRock, which said record foreign outflows and a tougher macroeconomic environment have not undermined the country's medium- to long-term investment prospects.

India's AI stocks are facing scrutiny as global concerns about a tech bubble grow. Companies linked to data centers and high-performance computing have seen significant gains.…

India's equity market has been "over-punished" for lacking a direct artificial intelligence (AI) play and for its exposure to rising oil prices, according to BlackRock, which said…