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Indian IT stocks rebounded on Friday as investors looked past the immediate impact of US green-card curbs. Company clarifications, dip buying and TCS's AI-led quarterly performance lifted sentiment, though broader market risks remain.
IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 earnings season. Analysts expect modest sequential revenue growth, while a favourable base and margin support could aid year-on-year growth. Currency tailwinds may also support margins across Indian IT services…
TCS is still leading the bulls bandwagon after surging by more than 6%. Majority of tech players soared by 2% to 4%. Infosys gained over 3.4%, Wipro and HCL Tech zoomed nearly 4% each before correcting. Coforge, Persistent Systems, LTIMindtree and Mphasis gained by nearly 4% as well. While Tech Mahindra jumped over…