On May 18, IT stocks experienced a notable upswing, with the Nifty IT index climbing 1.06% to 28,010.35, despite broader market pressures. Major players like Infosys, Tech Mahindra, and Coforge saw gains of 0.63%, 2.53%, and 2.33%, respectively. This rally coincided with the Indian rupee hitting a record low of 96.25 per US dollar, driven by elevated crude oil prices and global economic uncertainty. A weaker rupee is advantageous for export-oriented sectors like IT, as it enhances revenue from overseas markets. Investor sentiment was further buoyed by a rally in US technology stocks, which is expected to positively impact Indian IT firms due to their significant revenue from American clients. Tata Consultancy Services (TCS) has announced its ambition to become the world's largest AI-led technology services company, with over 130 of its top clients selecting it as their AI partner. TCS has also ramped up employee training in AI, with 270,000 employees now possessing advanced AI skills, nearly tripling from the previous year.