Indian IT stocks buck global tech slump, climb on earnings beat and AI optimism

July 29, 2026

Indian information technology stocks rallied Tuesday after global AI pressure eased. Coforge reported significant revenue and profit increases, boosting the sector. Other major IT firms also saw substantial gains during the trading session. This positive movement follows a period of underperformance for the IT sector this year. Analysts suggest resilient demand and attractive valuations are driving investor confidence.

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