Indian IT stocks advanced for a third straight session as a falling rupee improved margins for companies earning in dollars. Positive views on AI implementation roles and reasonable valuations added support despite lingering concerns over artificial intelligence disruptions.
The Nifty IT index climbed as exporters such as Tata Consultancy Services, Infosys and HCL Technologies benefited from the currency move. Analysts noted that the rupee's decline helped offset some pressure from global competition and automation trends.