Indian IT stocks rebound as AI disruption fears ease
Investors returned to Indian IT shares as concerns over the pace of artificial intelligence development eased. The Nifty IT index rallied nearly 5% intraday, with the sector staging a strong rebound on Tuesday.
Our Bureau Mumbai: Information technology stocks staged a strong rebound on Tuesday, with investors returning to the sector as concerns over the pace of artificial intelligence development eased fears of a sharp disruption to traditional IT services. Intraday, the Nifty IT index rallied nearly 5% b…