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Indian IT stocks saw a brief rebound on Wednesday, ending a losing streak. However, analysts caution this relief might be temporary. Most derivative bets remain bearish after the IT index's substantial drop. The sector experienced pressure throughout February, with new AI tools intensifying concerns about future revenue. Short covering fueled the bounce, but underlying weakness persists.
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The German budget supermarket is a growing competitor among British supermarkets
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Demand for Nvidia chips rose even as the company sets out to create AI products of its own.
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