IT STOCKS POWER DALAL STREET RALLY AS GLOBAL AI TRADE LOSES STEAM

What happened: Indian equities rallied, led by IT stocks, even as a global sell-off hit artificial intelligence-linked shares in Asia. The BSE Sensex rose 1,533.72 points, or 2.11%, to 74,315.61, and the NSE Nifty50 gained 374.65 points, or 1.66%, to 22,997.35. Key Why it matters: Analysts said a reversal in global AI-linked flows could benefit Indian equities, with Harshit Gupta of Wealthy Nivesh PMS citing possible capital rotation and AI adoption creating opportunities for Indian IT services firms. Manish Bhandari of Vallum Capital said the AI stock fall may boost short-term sentiment.

Indian equities rallied, led by IT stocks, even as a global sell-off hit artificial intelligence-linked shares in Asia. The BSE Sensex rose 1,533.72 points, or 2.11%, to 74,315.61, and the NSE Nifty50 gained 374.65 points, or 1.66%, to 22,997.35. Key

Analysts said a reversal in global AI-linked flows could benefit Indian equities, with Harshit Gupta of Wealthy Nivesh PMS citing possible capital rotation and AI adoption creating opportunities for Indian IT services firms. Manish Bhandari of Vallum Capital said the AI stock fall may boost short-term sentiment.