Economic TimesLean R·
Indian IT stocks buck global tech slump, climb on earnings beat and AI optimism
Mumbai: Indian information technology stocks rallied Tuesday after pressure on AI companies and chipmakers globally, as well as better-than-expected first quarter results improved the street's sentiment on the most underperforming sector this year.The Nifty IT index was up 3.3% on Tuesday, led by Coforge's 10.2% gains. Others like Tata Consultancy Services, MphasiS, Tech Mahindra and Persistent Systems advanced between 3.2% and 4.5%. The benchmark Nifty 50 ended flat at 23,985.35.South Korea's …
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