India has replaced Indonesia as Asia's least-preferred stock market among global fund managers, according to Bank of America's (BofA) August 2026 survey. The survey stated the absence of clear AI exposure remains the biggest concern for Indian equities, while weak growth has emerged as the next key risk The pessimism among global investors regarding the Indian market comes as foreign institutional investors (FIIs) continue to dump locally listed shares amid a huge underperformance of benchmark indices – BSE Sensex and NSE Nifty - compared to major global indices.