New Delhi, Oct. 16 -- IT stocks have been on a roll over the last few sessions boosted by better-than-expected Q2 results and selloff in AI stocks globally as investors shift their focus from hype to financial performance and structural outlook. The Nifty IT index surged 3.92% on Friday, 16 October, extending gains for the fourth consecutive session. In just four sessions, the index has jumped nearly 13%.

IT stocks are rising after a prolonged period of stress due to macroeconomic challenges, cautious discretionary spending by clients, and AI-led disruptions.

The sector remains at a crucial juncture as experts believes, the next leg of growth will depend on translating deal wins into revenue and scaling AI-led services sufficiently to o...