Mumbai, July 28 -- The Nifty IT index has staged a strong recovery, rising more than 11 per cent over the past 30 days, as improving investor sentiment and encouraging earnings helped the sector rebound after months of pressure over concerns surrounding the impact of artificial intelligence (AI) on the IT services industry.

According to NSE data, the Nifty IT index was trading at 30,438.30, up 3.38 per cent at the time of reporting, while its 30-day gain stood at 11.37 per cent. Over the past week, the index has gained 5.26 per cent.

However, it remained down 21.22 per cent over six months, 20.07 per cent on a year-to-date basis and 13.74 per cent over the past year, indicating that the recent rally has only partly reversed earlier loss...