Mumbai/IBNS, July 29 -- Indian IT stocks witnessed strong buying for the second consecutive session on Wednesday, with shares of Tata Consultancy Services (TCS), Infosys, Coforge and Larsen & Toubro (L&T) rising sharply amid improving earnings sentiment and a global reversal in the artificial intelligence (AI) trade.

The rally also helped the broader Indian equity market rebound after ending marginally lower in the previous session.

IT Stocks Lead the Rally

Shares of TCS, Infosys and Coforge gained between 2-4 percent in early trade.

What's Driving the Surge?

According to NDTV Profit, the rally has been driven by improving earnings expectations, renewed optimism from brokerages and a reversal in the global AI trade.

Investor sentime...