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Indian IT Stocks Climb Up To 3% As Wall Street's AI Rally Fades
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Indian IT Stocks Soar Up To 3% Despite Wall Street's AI Rally Fizzle
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News18
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27-02-2026, 10:25
Indian IT Stocks Soar Up To 3% Despite Wall Street's AI Rally Fizzle
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Infosys, TCS, Wipro, HCL Tech, and Tech Mahindra shares rose up to 2.5% on Friday.
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Gains occurred even as the tech rally on Wall Street lost steam after Nvidia's earnings surge faded.
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US-listed ADRs of Infosys and Wipro gained 3% and 2% overnight, respectively, despite subdued global sentiment.
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Analysts suggest the AI cycle is in early stages, with Indian IT firms poised to benefit from rising AI spending.
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Experts advise gradual accumulation of select IT stocks, noting recent weakness appears close to a bottom.
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