“As is always the case, TCS will comfortably outpace global IT spending. TCS’ business is well sorted,” said Kotak Equities, who believes that the company is likely to gain in the vendor consolidation exercise.
US Stock Market Today | Live: US stock futures climb as AI shares rally and crude prices ease
Warnings from executives at leading AI companies triggered a selloff last week, but concerns eased on Monday as investors focused on signs that spending on