Indian IT Stocks Fall Up to 5% Amid Global AI Trade Gains
Indian IT stocks including Infosys, Tech Mahindra, and TCS dropped up to 5% on Wednesday as global AI trade optimism influenced market sentiment. Strong earnings from SK Hynix and Anthropic's IPO filing boosted AI-related stocks worldwide. Despite gains, analysts remain cautious about a possible AI bubble but note potential benefits for Indian IT service companies.
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