Money Managers Favor Indian Software Exporters' AI Pivot

Global money managers are buying Indian software exporters’ shares as firms pivot toward artificial intelligence, data and company reports show. Foreign funds purchased 45 billion rupees in the fortnight to Dec. 31, while TCS and HCL reported AI-product revenue growth of 17% and 20% in the quarter ended December. The inflows and AI adoption may help revive earnings momentum across the Nifty IT sector.