Indian IT Stocks Head for Best Week in 18 Years
Indian IT stocks were on course for their biggest weekly gain in 18 years, supported by stronger-than-expected quarterly revenue from major software exporters and a global selloff in AI-linked stocks.
Indian IT stocks were set for their strongest weekly advance in 18 years on Friday. The move followed quarterly revenue from major software exporters that exceeded expectations, as well as a global selloff in AI-linked stocks that led investors to favor Indian shares.