India’s Nifty IT Index Posts Biggest Weekly Gain in 18 Years
The Nifty IT index rallied nearly 12% during the week, making it the week’s best-performing sectoral index. Better-than-expected results from India’s software companies helped lift the gauge.
A pullback in AI-related stocks globally and better-than-expected results from India’s software giants helped the Nifty IT index emerge as the best-performing sectoral index of the week, reviving investor confidence in the battered sector.The IT gauge rallied nearly 12% during the week, recording i…