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Indian IT stocks rally: Why TCS, Infosys, Wipro are rising as global AI stocks plunge
The Times of India
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Indian IT stocks surged in consecutive days, with the Nifty IT index climbing 3.3% on Tuesday and up to 5% on Wednesday. The rally was driven by better-than-expected earnings and optimism over AI, while global AI and semiconductor stocks fell.
The gains came even as India's IT sector continues to face headwinds, including subdued discretionary technology spending, pricing pressure, higher employee costs and uncertainty over how artificial intelligence could affect conventional outsourcing revenues. ...
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