Indian IT stocks surged again on Wednesday, with Infosys, TCS, HCL Tech, Wipro, Coforge and Tech Mahindra gaining up to 5% as a sharp selloff in semiconductor stocks intensified amid growing investor concerns over Big Tech's massive AI spending.
TCS shares gained 3.2% to Rs 2,476 on the BSE, while Infosys rallied 4.1% to Rs 1,152. HCL Tech rose 2.3% to Rs 1,350, and Wipro edged 2.2% higher to Rs 185. Midcap IT stocks outperformed, led by Coforge, which surged another 5% following a strong Q1 performance, while Persistent Systems advanced more than 3%.
