HCLTech, Infosys lead Indian IT rally as AI heads call for slowdown

Infosys

15/09/2026 07:11

** 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)
((UrviManoj.Dugar@thomsonreuters.com;))