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VERIFIEDET Markets·positive

HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?

AI Summary
  • ·Indian IT stocks rallied up to 5%, with largecap companies leading the gains.
  • ·The surge was influenced by positive results and revenue outlook from Nvidia, boosting optimism about the global AI spending cycle.
  • ·The sector's rally occurred amidst ongoing concerns about AI disruption and varied analyst opinions.
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