Indian IT sector poised for powerful comeback as Nuvama upgrades all top 10 stocks to Buy.

Indian IT sector poised for powerful comeback as Nuvama upgrades all top 10 stocks to Buy. The brokerage argues that despite brutal Gen-AI-driven selloffs, reports of the sector's death are greatly exaggerated. While AI platform players like Anthropic and Palantir have sparked fears about automation replacing offshore services, Nuvama contends enterprises still need system integrators to customize complex solutions and manage failures. The Nifty IT index has slumped 20 percent year-to-date, with some names down 30-40 percent, but valuations have reached 15-year lows. Nuvama's analysis suggests current prices discount implausibly weak 1-3 percent terminal growth, presenting attractive entry points for investors who believe the sector will benefit from the AI-led demand wave ahead.