Why are Indian IT stocks like TCS, Infosys, Wipro rising today?

Indian IT sector stocks were trading in the green on Wednesday. Concerns over excessive AI spending and stretched valuations prompted investors to rotate into software exporters ahead of key earnings from US technology giants, according to Moneycontrol. Around 1:50 pm, TCS was up 2%, while Infosys and Wipro gained over 4% and around 1.7%, respectively, on the BSE.