“Sushovan Nayak of Anand Rathi acknowledges short-term pain and sentimental negativity for Indian IT stocks due to global AI advancements and disruptive product releases from platforms like OpenAI and Anthropic. However, he remains cautiously optimistic for the long term, believing the sector's fundamentals are strong due to its expertise in software implementation, customization, cloud transformation, and data services, acting as partners for hyperscalers. He is positive on large-cap IT, with Infosys as a top pick, alongside LTIM and HCL Tech, noting HCL Tech's ER&D exposure as a source of resilience.”