NIFTYIT — Indian IT stocks rally as strong Q1 results, global AI sell-off boost sentiment

India's technology stocks surged Tuesday, with the Nifty IT index climbing 3.3%, outperforming the flat benchmark Nifty 50. The rally was fueled by better-than-feared Q1 earnings and a global rotation out of overvalued AI and chipmaker stocks. Coforge led the gains with a 10.2% jump after reporting strong results, while major players like TCS, Mphasis, and Tech Mahindra advanced between 3.2% and 4.5%.