Indian IT Sector Faces Mixed Growth Amid AI Adoption and Market Challenges

India's IT sector shows mixed performance amid AI-driven transformation and market challenges. Wipro and LTIMindtree stocks declined due to weak organic growth and pricing pressures, while Infosys raised its FY26 growth outlook supported by strong deal wins. Despite near-term earnings pressures and project execution delays, foreign investors are returning to IT stocks, encouraged by AI adoption and improved business visibility. Wipro's CEO highlighted rising demand for AI services as companies shift from experimentation to large-scale deployments, though pricing pressures persist.