IT Stocks Soar: NIFTY IT Confirms Golden Crossover, TCS Boosts AI Investment

• NIFTY IT index rallied 1%, confirming a "golden crossover" (50 DMA above 200 DMA) on its daily chart, signaling an uptrend.
• TCS is heavily investing in AI, aiming to be a leading AI tech service provider; AI services contribute $1.5 billion (5% of revenue) with strong growth.
• The rally is fueled by TCS's positive AI commentary, expected strong Accenture results, attractive valuations, and improving market sentiment.
• Trump's statement on rate cuts is anticipated to increase IT client budgets, further supporting the sector's uptrend.
• TCS shares jumped 1.5% as the company declared its intent to transition from digital services to an AI-based model.

Why It Matters: IT stocks are surging on NIFTY IT's golden crossover and TCS's strong AI focus, signaling continued growth.