Indian IT stocks gained on Tuesday, with Infosys, TCS, Tech Mahindra and Mphasis rising up to 4%, even as Asian technology shares came under pressure after a sharp selloff in South Korea’s chipmakers. Infosys rose nearly 4%, while TCS gained 3%. Tech Mahindra was up 3.4%, and Mphasis advanced 3%. Wipro, however, slipped 0.4%. The move came as investors prepared for the June-quarter earnings season of Indian IT companies. The rebound contrasted with South Korea, where the benchmark KOSPI closed down 395.02 points, or 4.9%, at 7,656.31, after falling as much as 8.2% earlier. Circuit breakers were triggered on the KOSPI during the session, the sixth such instance this year. Samsung Electronics and SK Hynix led the decline, ending down 6.9% and 6.1%, respectively, after both fell more than 10% intraday. For Indian IT investors, the concern is that AI could hurt billing growth, reduce manpower-linked revenue and force companies to pass productivity benefits to clients. TCS, Infosys, Wipro and LTIMindtree are now down at least 50% from their all-time highs. Across 10 major IT companies, the combined market-cap loss from peak levels is estimated at more than Rs 17 lakh crore. TCS has fallen