IT stocks rally: Why are Infosys, TCS and Tech Mahindra shares surging despite AI disruption fears?
IT stocks staged a sharp rebound on Monday, with shares of Infosys, TCS, Tech Mahindra and Persistent Systems climbing up to 5% as investors returned to the sector after months of AI-led pessimism and ahead of a closely watched US Federal Reserve meeting.The Nifty IT index climbed around 3% to 29,905 in morning trade, taking…