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TCS
The Indian IT sector witnessed fresh buying interest as optimism grew following Infosys’s announcement to consider a share buyback across the broader IT pack, including TCS, HCL Tech, and Wipro. After weeks of underperformance due to global demand concerns and margin pressures, buyback expectations are providing support and signaling confidence in long-term fundamentals. Analysts believe attractive valuations, digital transformation demand, and stable deal pipelines could help the sector recover gradually. However, sustained momentum will depend on U.S. economic trends and client spending outlook.
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