India’s software shares outpace global chip stocks sharply
India’s software stocks have recorded their strongest weekly rally in 18 years, sharply outperforming global semiconductor shares as investors reassess artificial intelligence valuations and respond to improving earnings from major technology services companies. The Nifty IT index climbed 11.7% during the week ended Friday, October 16, its biggest weekly advance since 2008. Meanwhile, an MSCI inde
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