IT stocks surge despite US immigration curbs ↗
On Friday, Indian IT stocks experienced an impressive surge, spearheaded by a remarkable 4.2% jump in Tata Consultancy Services shares. This unexpected rally took analysts by surprise, as it unfolded amidst ongoing concerns surrounding US regulations impacting technology firms. Additionally, OpenAI’s updated revenue projections alleviated fears regarding potential disruptions from AI on traditional IT services.
2 sources
- The Economic Times Markets · 10 Oct, 09:49 IST
- The Economic Times Stocks · 10 Oct, 09:49 IST
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