India, Nov. 5 -- Indian shares may open on a sluggish note on Friday after recent strong gains. A cautious undertone may prevail, with information technology stocks likely to remain in focus amid an ongoing heavy sell-off in global companies exposed to AI data centers, including crucial chipmakers and semiconductor manufacturers.
American Depository Receipts of Infosys jumped 4.6 percent overnight despite a Wall Street rout wiping out roughly $2.5 billion in market value on concerns over tech valuations and whether substantial AI spending can generate sufficient returns.
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