The Nifty IT index climbed more than 4% during the day, defying a broad global tech slump as market participants turned their attention to India's software services providers. In contrast to major international AI players, Indian IT companies focus primarily on digital transformation, cloud computing, and consulting services instead of data centers or AI hardware. The sector saw gains driven by a combination of factors, including reduced exposure to AI-specific risks, varied income streams, a decline in oil prices, and a more positive outlook within the domestic market.

by shortkt.com✓

4 hours ago