HCLTech, Infosys lead Indian IT rally as AI heads call for slowdown
15/09/2026 07:11
BUZZ-HCLTech, Infosys lead Indian IT rally as AI heads call for slowdown ** Indian IT stocks .NIFTYIT rise as much as 5.2% vs 0.23% fall in Nifty 50 .NSEI
** Sub-index heads for best day since July 2
** Mirrors gains in global software shares after AI executives - Anthropic CEO Dario Amodei, xAI chief Elon Musk, OpenAI CEO Sam Altman - back calls for slowdown of tech's development in face of risks
** HCLTech HCLT.NS climbs nearly 6% after eight straight sessions of declines, while Infosys INFY.NS and TCS TCS.NS rise about 5% each
** India's IT industry is seen as especially vulnerable to AI because of its reliance on billable hours
** YTD, Nifty IT down 21% vs .NSEI's nearly 10% decline
(Reporting by Urvi Dugar in Bengaluru)
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