India's Nifty IT index sole weekly gainer among major sectors

Wipro

Today 11:40

** India's Nifty IT index .NIFTYIT closes up 0.22% at 31,995.5 points 
** Sole gainer among 16 major sectors in India
** Sub-index rises for fourth straight week as quarterly results from major IT companies top expectations
** Gains supported by selloff in global AI stocks as analysts see software firms as a relative hedge against the AI-trade
** Top weekly stocks: Tata Consultancy Services TCS.NS up 2.64%, Wipro WIPR.NS up 2.95%, HCL Technologies HCLT.NS up 3.06%
** YTD, Nifty IT index down 15.57% 

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))