# AI selloff hits India too: TD Power, HFCL, Sterlite, other power capex-linked stocks crash up to 15%

- Source: Economic Times
- Published: 2026-11-06T05:11:37+00:00
- Category: Local
- Original: https://economictimes.indiatimes.com/markets/stocks/news/ai-selloff-hits-india-too-td-power-hfcl-sterlite-other-power-capex-linked-stocks-crash-up-to-15/articleshow/135594845.cms
- Canonical: https://groundlevelnews.com/story/ai-selloff-hits-india-too-td-power-hfcl-sterlite-other-power-capex-lin-08249d/

Indian power capex and AI-linked stocks tumbled as a global technology sell-off spread across markets, with TD Power and Thermax plunging 15% each. Concerns that US midterm election results could slow data centre expansion and AI infrastructure spending triggered sharp losses across Asian technology stocks and domestic market-linked companies.

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