Indian IT stocks rebounded sharply in October, with the Nifty IT index rising 16% as stronger-than-expected quarterly results, attractive valuations, and easing concerns about AI disruption revived investor interest. The index recovered from July lows but remains down about 16% this year.
Indian IT stocks rebounded sharply in October, with the Nifty IT index rising 16% as stronger-than-expected quarterly results, attractive valuations, and easing concerns about AI disruption revived investor interest. The index recovered from July lows but remains down about 16% this year.
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