Nifty IT index crashes 28% YTD. Buy or wait, as renewed US-Iran tension may jeopardise crude oil supply again?

Indian IT stocks have declined 28.71% YTD, outpacing the Nifty 50’s 8.32% drop due to concerns over slowing global spending. Analysts suggest a tentative recovery, influenced by delayed client decisions and geopolitical tensions, as traditional growth models face disruption from AI.