Neutral impactSector
Indian IT stocks may be bottoming out as global AI trade cools, says Bajaj Alts CIO
CNBC-TV18 1 hr ago·13 Oct 2026, 9:56 am
Indian IT stocks are showing signs of stabilizing after recent volatility, with a top fund manager suggesting the market may have hit a bottom. This shift in sentiment comes as global companies pause their aggressive spending on Artificial Intelligence, driven by rising interest rates and tighter cash flows.
For investors, this signals a potential shift from extreme caution to a more balanced outlook. While the initial boom in AI spending is cooling, the underlying demand for digital transformation remains strong. This phase of consolidation offers a chance for investors to reassess the long-term value of these tech giants.
Watch for upcoming quarterly earnings reports to see if major clients are maintaining their budgets. Investors should also monitor global economic indicators to gauge the pace of recovery in IT spending.
Excerpt from CNBC-TV18
Published On Oct 13, 2026 | 15:26 IST Last Updated On Oct 13, 2026 | 15:26 IST Bajaj Alts’ CIO-Listed Equities Jitendra Gohil explains why Indian IT stocks are attracting fresh buying interest as global AI investments face rising interest rates, cash-flow pressures and potential spending cuts. Valuations of Indian…Read the original at CNBC-TV18
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