JPMorgan Predicts IT Sector Survives AI Selloff

JPMorgan says India's IT sector is undergoing a deep recent selloff—roughly Rs 5.7 lakh crore of market value wiped out and the Nifty IT index down about 19% over eight trading sessions, with Infosys falling 21% and TCS 19%. It calls IT firms the 'plumbers of the tech world', argues AI fears are overstated, and recommends a barbell approach overweighting Infosys and TCS given current valuations.