Rs 1.3 lakh crore shock! Why TCS, Infosys, other IT stocks fell up to 5%
Indias IT sector plunged on Thursday as the Nifty IT index fell over 4%, erasing Rs 1.3 lakh crore in market value amid AI-driven disruption fears. TCS, Infosys and Wipro hit fresh lows as Anthropics new automation tools triggered panic selling, widening concerns over shrinking moats, pricing pressure and weakening global demand.
Indias IT sector plunged on Thursday as the Nifty IT index fell over 4%, erasing Rs 1.3 lakh crore in market value amid AI-driven disruption fears. TCS, Infosys and Wipro hit fresh lows as Anthropics new automation tools triggered panic selling, widening concerns over shrinking moats, pricing pressure and weakening global demand.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
