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Bloomberg

Indian IT Stocks Stage a Comeback as Global AI Trade Falters

Wednesday, July 29, 2026


The Nifty IT Index's correlation with the Philadelphia Semiconductor Index fell to its lowest level since 2018, according to market data cited by analysts tracking the indices.

Original reporting: https://www.bloomberg.com/news/newsletters/2026-07-29/indian-it-stocks-stage-a-comeback-as-global-ai-trade-falters

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