Mphasis, Infosys, TCS, HCL Tech, Coforge, LTM: IT stock climb up to 8% amid reverse AI trade

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Indian IT stocks rallied on Friday, with the Nifty IT index rising more than 2.35 per cent in early trade, as investors looked for opportunities amid the global selloff in artificial intelligence (AI)-linked stocks. Mphasis Ltd led the gains among IT stocks, surging as much as 8 per cent to Rs 2,712. Advertisement HCL Technologies Ltd climbed more than 2.5 per cent to Rs 1,468, while Persistent Systems Ltd advanced over 2 per cent. Large-cap IT stocks Infosys Ltd and Tata Consultancy Services Ltd (TCS) gained up to 3 per cent each. Coforge Ltd and Wipro Ltd rose more than…

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