Hated till June, hottest in July! What's driving the Rs 3.8 lakh crore boom in IT stocks?

Indian IT stocks saw a remarkable July rally, adding significant market value and reversing investor pessimism. This surge was largely driven by short sellers closing bearish positions and reassessing AI disruption concerns.

• Option 1: Shorts are getting more bullish after the rally
• Option 2: Investor sentiment is still recovering from Q1 losses
• Option 3: The rebound in IT stocks has been driven by positive investor sentiment