The Nifty IT index jumped nearly 4% on Tuesday, June 2, powered by the momentum gained by India's leading tech giants for the second straight session. Shares of Tata Consultancy Services, Infosys, Wipro, and HCLTechnologies rallied 2-4% driving the Nifty IT index 4% higher to hit an intraday high of 30,177.50 so far during the session amid the global AI rally. On Monday, Nvidia CEO Jensen Huang affirmed that Indian IT firms are well-placed for AI implementation while adressing GTC Taipei Keynote at COMPUTEX 2026 Event.
At the Computex 2026 event, Nvidia's Huang dispelled concerns that artificial intelligence might render traditional coding obsolete. He rejected fears of AI replacing software, instead emphasized that it will create the largest opportunity ever for software companies. Huang noted that emerging AI agents fundamentally rely on robust enterprise software to operate and interact. The global software demand continues to support a strong overall IT spending outlook.
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