TCS, Infosys and other Indian IT stocks rise up to 4% after AI worries trigger Kospi selloff

Indian IT stocks rose up to 4% as bargain buying followed a sharp KOSPI selloff triggered by AI-related concerns in South Korean chip stocks. The sector remains under heavy pressure, with TCS, Infosys, Wipro and LTIMindtree down over 50% from all-time highs and combined market-cap erosion of more than Rs 17 lakh crore across 10 major IT companies. Morgan Stanley has downgraded TCS to equal-weight and expects muted Q1 results with organic revenue growth drifting towards 1.5-3.5% for most large-cap IT firms.