The Indian equity market is undergoing a structural rotation away from overextended capital goods and high-beta mid-caps into defensive IT services. This shift is accelerated by cooling global AI momentum and solid domestic earnings delivery, making IT a resilient parking ground for capital. While the broader market indices appear flat, underlying sector dispersion is widening significantly.
Aurific Market Desk
Pre-marketThe Great Rotation: Indian IT Shines as Global AI Hype Cools
As global AI momentum stumbles, Indian IT services are emerging as a defensive haven, highlighted by Coforge's stellar earnings and a broader sector-wide pivot.
By the Aurific Market DeskJuly 29, 20263 min readAI-assisted
Nifty 50
-0.04%
intraday
Market breadth
242 / 508
adv / dec
India VIX
12.56
volatility
Top gainer
+14.12%
ASHIKAG
Top loser
-20.00%
AASTHA
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