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Indian IT stocks rallied after TCS reported strong Q2FY27 results, lifting hopes of a demand recovery amid AI concerns and US labour curbs
TCS’s Q2 FY27 results lift Indian IT stocks, with the Nifty IT gaining 3.02 per cent as investors assess demand recovery and sector risks.
TCS’s in-line Q2 and reports of lower-than-indicated OpenAI revenue helped lift IT stocks, but muted demand, H2 margin pressure and AI-led pricing risks cloud the outlook.