Infosys to TCS, HCL Tech: Nifty IT crashes over 3% - Why are IT stocks under pressure in trade today?
Indian IT stocks faced heavy selling on May 12 following OpenAI's announcement of DeployCo, an AI-focused venture with over $4 billion in funding. The Nifty IT index dropped 3.3%, with TCS, Infosys, and Persistent Systems as concerns grew over competition from AI-native firms.
Indian IT stocks faced heavy selling on May 12 following OpenAI's announcement of DeployCo, an AI-focused venture with over $4 billion in funding. The Nifty IT index dropped 3.3%, with TCS, Infosys, and Persistent Systems as concerns grew over competition from AI-native firms.
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