NDTV Profit •
Nirmal Bang downgrades the Indian IT sector to 'Underweight', citing Gen AI-led pressures impacting demand, pricing, and margins.
TCS, Infosys, Wipro, HCL Tech, Tech Mahindra, and LTIMindtree downgraded to 'Sell'; Persistent Systems, Coforge, and Mphasis to 'Hold'.