Indian IT Stocks Surge up to 5% as Nifty IT Index Rallies 3%
Indian IT stocks experienced a strong rally on Monday, with the Nifty IT index gaining almost 3%. Major players like Infosys, TCS, and Tech Mahindra saw gains of up to 5% as investors moved past concerns regarding AI disruption. The rally was driven by attractive stock valuations, positive technical indicators, and renewed hopes for interest rate cuts in the United States. Analysts suggest that the sector's long-term outlook remains positive, prompting fresh buying from institutional and retail investors.
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