Indian IT stocks on fire due to anti-AI trade, focus on traditional tech firms; should investors buy more to make money?
New Delhi, Oct. 15 -- IT Stocks to buy today | TCS share | HCL Tech share: Amid bloodbath in the Asian markets, the Indian stock market is witnessing strong buying since morning dealings. All IT stocks, except L&T Technology Services, are trading in the green territory with sizeable gains. IT major TCS shares are up by more than 2.50%, Tech Mahindra shares are up by near 3%, HCL Tech shares are up by more than 3%, Infosys shares are trading higher by around 2.25%, Wipro shares are also up by more than 1.50%. This has fuled the Nifty index by around 2.15%.
According to stock market experts, IT shares are rising because market is expecting AI-blowout after the Accenture guidance focusing on the traditional IT expenses in the next fiscal. T...
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