Infosys, TCS Lift Nifty 50 After 4-Day Slide as Jensen Huang Eases AI Fears

2 articles · Updated · Bloomberg · Jun 3

India’s Nifty 50 rebounded Tuesday, snapping a four-session losing streak as Infosys, TCS and other software services stocks led the recovery.
Jensen Huang’s pushback against fears that AI will disrupt the IT services industry helped drive the sector rally and revived risk appetite around Indian tech shares.
Oil prices still rose for a third straight day on fading hopes for a US-Iran peace deal and renewed Middle East fighting, keeping the broader market’s near-term outlook fragile.
Asian equities edged higher after AI-driven enthusiasm sent US stocks to record highs, but investors are still watching whether higher oil and weak earnings momentum cap further gains.

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