$56 billion AI scare tests resilience of TCS, Infosys and other Indian IT stocks

A gauge including Analysts at HSBC Holdings Plc and JPMorgan Chase & Co. say worries may be overdone, as Indian IT firms stand to gain from more customers requiring help integrating artificial intelligence into their operations. Investors, including PPFAS Mutual Fund say the sector will be able to flexibly respond to changes.“Every time there’s a technological shift, IT companies have adapted, reskilled their staff and ensured client needs are being met,” said Raunak Onkar, research head and fund manager a ...