IT stocks rally: Why are Infosys, TCS and Tech Mahindra shares surging despite AI disruption fears?
Indian IT stocks surged Monday, with major players like Infosys and TCS gaining up to 5%. This rebound follows months of AI-driven pessimism, as investors reassess sector valuations ahead of a key US Federal Reserve meeting. Technical indicators suggest a potential short-term recovery, though analysts caution it might be a retracement within a broader trend.
Indian IT stocks surged Monday, with major players like Infosys and TCS gaining up to 5%. This rebound follows months of AI-driven pessimism, as investors reassess sector valuations ahead of a key US Federal Reserve meeting. Technical indicators suggest a potential short-term recovery, though analysts caution it might be a retracement within a broader trend.
