New Delhi, Feb. 26 -- Indian IT stocks including Infosys, TCS, HCL Tech will be in focus on Thursday, February 26 after artificial intelligence (AI) chipmaker Nvidia delivered another exceptionally strong quarter on Wednesday, reinforcing its dominant position in the global AI ecosystem even as investors debate whether the current AI boom is sustainable or overheated.
Nifty IT jumps 2% to its day's high of 31,112.20. However, the index has been under pressure in recent months amid AI-led disruption concerns. IT fell 19% in past 1 month, 17% in 3 months, and over 20% in past 1 year.
All Nifty IT constituents were trading in the green. Persistent Systems was the top gainer, rising 3% followed by Tech Mahindra, which advanced over 2%. Mean...
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