LIC loses ₹38,000 crore, MFs 63,000 crore in Feb so far as IT stocks crash on AI fear
IT stocks witnessed a breather on Wednesday, February 25, in an otherwise tumultuous month for the tech stocks, which have been rocked by the fears of artificial intelligence weighing on the labour-intensive Indian IT software industry. The Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance…