Indian IT stocks rose 1-2% during early trade Friday as the Nifty IT index climbed 17% in one month. While global AI stocks fell due to high spending concerns, analysts said Indian firms act as a hedge. They benefit from growing demand for AI consulting without needing massive data center investments.
Analysts view Indian IT stocks as a relative hedge against the global AI trade because they can benefit from companies' growing need for AI consulting, integration and managed-services work, while requiring far less upfront spending on data centres and chips than global hyperscalers
Indian IT stocks rose 1-2% during early trade Friday.
Global AI stocks fell amid concerns over high spending.
Indian IT acts as a hedge against global AI trade.
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