Today a strong rally was seen in the Indian IT sector. Infosys, HCL Tech, TCS and LTIMindtree were all bullish and the Nifty IT Index jumped nearly 900 points. The biggest reason for this entire momentum was the new AI Deals and Collaborations of these companies. In this video you will learn: TCS TCS has partnered with the UK’s NHS Supply Chain to increase their operational efficiency through cloud and AI-enabled solutions. ➡ Due to this, TCS shares increased by 1.85% and the share is trading at Rs 3144. LTIMindtree company has announced collaboration with Microsoft for advanced AI solutions. ➡ After the news, the stock jumped by 4.28%, and it reached the level of 6000. HCL Tech HCL Tech has set up an Innovation Lab for “Physical AI” in collaboration with Nvidia, which will accelerate AI adoption in many sectors. ➡ 4% jump in the share, now it is trading at around Rs 1660. Infosys Infosys is in the headlines because of its big buyback of ₹18,000 crore. Buyback will be open from 20–26 November, in which 10 crore equity shares will be purchased at a price of ₹1800. ➡ The stock showed a rise of 3.3% today. Importance of this Rally: The IT sector was under pressure for few months due to geopolitical tension, AI bubble crash in the US market and FII selling. At such a time, this wave of AI deals can prove to be a big sentiment booster for the IT sector.
Tremendous boom in IT sector! TCS–HCL–Infosys–LTIM changed the whole game with AI Deals. Money Live
