India, Oct. 9 -- Sharp sector rallies tell investors that a big worry has eased, and this one came after weeks of pressure on IT stocks over AI and US policy. The Nifty 50 also bounced more than 250 points after touching a 52-week low the day before, which helped the mood. The four stocks below are also the Indian firms named in the US suspension, which makes the rally more surprising.

1. TCS TCS reported Q2 net profit of Rs 13,884 crore, up about 15% from Rs 12,075 crore a year ago, with revenue up 11.2% to Rs 73,188 crore. Annualised AI revenue reached $3.1 billion, crossing 10% of total revenue, and the total contract value of deals signed was reported at about $9.6 billion. The company also declared a second interim dividend of Rs 1...