Indian IT stocks surge, adding Rs 26,340 crore in gains
News summary
Indian IT companies rebounded strongly as global semiconductor concerns eased. HCL Tech, TCS and peers rallied up to 7%, lifting the Nifty IT index by 3.3%. The surge came after chipmakers flagged capital constraints amid questions about AI investment returns. OpenAI's September revenue, reported near $50 billion, fell below its $70 billion projection, intensifying investor caution on AI spending.
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