Indian IT Stocks Rally Amid Market Decline Despite February Losses Over AI Concerns

Indian IT stocks, including Infosys, Coforge, Wipro, and TCS, rallied on February 27 despite a broader market decline, with the Nifty IT index rising 2.45%. However, IT shares have faced significant losses in February amid concerns over AI-driven disruptions, with Infosys experiencing its worst monthly drop in 13 years, falling over 20%. This decline has impacted market capitalization and investor holdings, raising concerns about the potential effects of AI on the labor-intensive IT services sector.