Indian IT index surged 3%, outperforming Asian tech markets, as global chipmaker selloff intensified amid worries over the financial demands of the AI industry's rapid expansion.
BSE IT rose 3% as chipmakers fell on AI capex skepticism; India's IT sector, lacking AI pure-plays, stayed insulated. Market rotating from hardware toward software outsourcing—US IT services gain if Fed signals caution on rates Wednesday.
BSE IT index surged 3%
Jul 28, 2026
02:03 pm
What's the storyThe Indian IT sector has shown resilience amid a global sell-off in chipmakers.
The BSE IT index surged 3%, defying the broader Asian tech market's downward trend. This comes as concerns mount over the high funding requirements of the artificial intelligence (AI) boom.
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