Mphasis, Infosys, TCS, HCL Tech, Coforge, LTM: IT stock climb up to 8% amid reverse AI trade

The rally came as investors assessed whether the sharp correction in global AI stocks could trigger a shift in allocations towards other markets, including India. Wall Street’s selloff wiped out more than $2 trillion in market value, while technology-heavy Asian markets also witnessed steep losses amid concerns over potential AI regulation and the sustainability of AI infrastructure spending.