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Rs 1.13 lakh crore boom in one corner, a bust in another: What changed in the AI trade?

Indian IT stocks surged as calls for a slower pace of frontier AI development eased concerns over disruption to traditional software services. The Nifty IT Index gained 5% on Tuesday, adding Rs 1.13 lakh crore in market value, while power and infrastructure stocks tied to AI buildout declined sharply, highlighting a shift in investor positioning.

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Updated 15 September 20263 min read
Rs 1.13 lakh crore boom in one corner, a bust in another: What changed in the AI trade?

Rs 1.13 lakh crore boom in one corner, a bust in another: What changed in the AI trade?

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What Happened

Indian IT stocks surged as calls for a slower pace of frontier AI development eased concerns over disruption to traditional software services. The Nifty IT Index gained 5% on Tuesday, adding Rs 1.13 lakh crore in market value, while power and infrastructure stocks tied to AI buildout declined sharply, highlighting a shift in investor positioning.

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Original reporting provided by Economic Times Markets.

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This article was synthesized from coverage published by Economic Times Markets.

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