Infosys, TCS, HCL Tech and other IT stocks jump up to 4%. Here’s why

TCS, This, analysts suggest, is beneficial for Indian equities as FPIs are likely to start buying in India if the present trend of AI trade fading sustains for some more time. “India’s outperformance vis-a-vis other AI markets like South Korea and Taiwan during the last few days is an indication of this trend,” V K Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd, said.Recently, Alphabet CEO Sundar Pichai added to caution, telling the BBC that parts of the AI boom reflect irrationality an ...