IT stocks see profit booking after five-day rally as AI optimism returns; Infosys, TCS fall up to 3%

Despite the losses, the IT index is up 16% in July and on course for its biggest monthly rise in six years

IT stocks see profit booking after five-day rally as AI optimism returns; Infosys, TCS fall up to 3%

India's IT index fell 2.5% after rally.

Fall linked to unravelling AI-trade in Asia.

Infosys, TCS led losses on the IT index.

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J Jagannath