New Delhi, Feb. 17 -- IT stocks witnessed strong gains in intraday trade on Tuesday, February 17, boosting their sectoral index, Nifty IT, by almost 3% during the session. Stocks such as Infosys, HCL Tech, Wipro, Tech Mahindra, and TCS clocked healthy gains as sentiment improved after Infosys announced a strategic partnership with Anthropic to create and implement advanced enterprise AI solutions for businesses.
The tech sector is in turmoil due to AI-led disruptions, as concerns persist that rapid advances in artificial intelligence will make traditional IT services redundant, posing a strong blow to Indian IT companies.
However, this could be an overblown concern, according to experts. This is because AI is rapidly evolving, and no on...
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