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.
With utility rates rising across Illinois, consumer groups are backing proposed legislation to wring $40 million per year in hidden expenses out of customer bills.
