BUZZ — Indian share benchmarks jump as global AI slump, rally in telecom stocks aid sentiment

* India's Nifty 50 and Sensex jump 1.7% and 1.9%, respectively * Correction in global AI-linked markets and gains in telecom stocks after Jio Platforms' IPO announcement boost sentiment * Asia stocks slide 3.5%; South Korea's KOSPI and Japan's Nikkei 225 slump 8% and 5.4% MKTS/GLOB * Tech stocks led selling in Asian markets as crowded bets on data centres and other AI infrastructure faced a reckoning from high and rising interest rates * Thirteen of the 16 major sectors gain; broader small-caps fall 1.1%, while mid-caps are flat * Reliance Industries and Bharti Airtel rise 3% and 3.9%, respectively, on Jio IPO announcement * HDFC Bank and ICICI Bank jump 2% and 3.3%, respectively, ahead of earnings this weekend * Fading global AI rally also pulls optical fibre makers Sterlite Tech and HFCL down 5% each (Reporting by Vivek Kumar M) ((VivekKumar.M@thomsonreuters.com;)