IT sector will make a strong comeback soon, Nuvama said AI will become the gamechanger – Market

Buzz line1 month ago01 mins

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…

LIC loses ₹38,000 crore, MFs 63,000 crore in Feb so far as IT stocks crash on AI fear

Buzz line2 months ago06 mins

IT stocks witnessed a breather on Wednesday, February 25, in an otherwise tumultuous month for the tech stocks, which have been rocked by the fears of artificial intelligence weighing on the labour-intensive Indian IT software industry. The Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance…

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IT sector will make a strong comeback soon, Nuvama said AI will become the gamechanger – Market