Indian IT Sector Outlook: India’s IT sector has been at the center of the growth story of the Indian stock market for a long time. However, Nifty IT Index has fallen by more than 21 percent in the last 3 months. Due to global tension, caution in the spending of tech companies and changing trends regarding Artificial Intelligence (AI), the ups and downs in the IT sector are quite sharp. Despite all this, brokerage house Nuvama is confident about the prospects of the country’s IT sector. Nuvama believes that while there may be some volatility in the near term, the prospects for the Indian IT sector remain strong in the medium to long term.
IT sector will make a strong comeback soon, Nuvama said AI will become the gamechanger – Market
