Why are IT stocks on fire? Check TCS, HCL Tech, LTM, Tech Mahindra, Infosys share performance
Stock market today, Sept. 15 -- Amid buzz about the AI slowdown, Indian IT and tech stocks saw strong buying in the early morning session on Tuesday. The Nifty IT index shot up over 4%. Among the Indian IT majors, Tata Group's Tata Consultancy Services (TCS) share price is up by near 5%, HCL Technologies shares surged over 6%, Tech Mahindra share price went up around 5%, LTM shares went up over 4%, whereas Infosys shares skyrocketed around 4.50%.
According to experts, IT stocks are rising due to the AI-slowdown buzz in the global markets. They said the AI-slowdown is a positive development for the Indian IT and tech shares, and these sector stocks are expected to attract bulls' attention until the AI-slowdown buzz subsides. They advised ...
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