TCS, Infosys and other Indian IT stocks rise up to 4% after AI worries trigger Kospi selloff

July 7, 2026

Indian IT stocks climbed despite a sharp sell-off in Asian chipmakers, as investors positioned for Q1 earnings. Indian IT stocks have had a rough ride in recent months because investors worry that AI could hurt billing growth, reduce manpower-linked revenue and force companies to pass productivity benefits to clients. With the sector having lost over Rs 17 lakh crore in market value, upcoming earnings and management commentary could determine whether the recovery has legs.

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