NIFTY 50 : Outlook for the day

GIFT NIFTY indicates a flat start for NIFTY 50. However, IT stocks will again be focus due to overnight sell off witnessed in the US IT stocks as a result of which ADRs of some of the IT companies in India are trading 3-4% lower. This sell off was triggered by AI concerns overwl whether the massive investments being put in will yield any meaningful output in the future.