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IT's time to celebrate when chips are down; Nifty IT soars 11.7% to log biggest weekly rally since 2008

Indian IT stocks staged their biggest weekly rally in 18 years, dating back to the days preceding the collapse of Lehman Brothers, as a secular and precipitous fall in AI-related semiconductor stocks elsewhere in Asia boosted battered legacy outsourcing powerhouses with proven revenue streams and decent operating margins.Better-than-expected September quarter earnings mirroring Accenture's stellar performance and robust future guidance, steady deal flows, and inexpensive valuations after a spel…

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Economic TimesLean R·1h ago
IT's time to celebrate when chips are down; Nifty IT soars 11.7% to log biggest weekly rally since 2008
Indian IT stocks staged their biggest weekly rally in 18 years, dating back to the days preceding the collapse of Lehman Brothers, as a secular and precipitous fall in AI-related semiconductor stocks elsewhere in Asia boosted battered legacy outsourcing powerhouses with proven revenue streams and decent operating margins.Better-than-expected September quarter earnings mirroring Accenture's stellar performance and robust future guidance, steady deal flows, and inexpensive valuations after a spel…
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IT's time to celebrate when chips are down; Nifty IT soars 11.7% to log biggest weekly rally since 2008

How 2 sources are covering this

IT's time to celebrate when chips are down; Nifty IT soars 11.7% to log biggest weekly rally since 2008

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