Business
Rs 1.13 lakh crore boom in one corner, a bust in another: What changed in the AI trade?
Reported by Imran Qureshi (Staff Writer) · Economic Times - Markets ·
Representative image · Wikimedia CommonsRs 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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