Indian IT stocks bled on Wednesday, February 4, tracking a selloff in US tech shares and concerns over new AI tools launched by Anthropic. The tools can automate tasks in legal, compliance, marketing, and data analysis—segments where IT services firms generate steady revenues. A stronger Indian Rupee added pressure, as it typically weighs on margins…
Indian IT stocks were bleeding on Wednesday, February 4, mirroring a sharp selloff in US technology counters and reacting to fresh developments around AI startup Anthropic. The trigger was news that Anthropic had launched new AI tools capable of automating tasks in legal, compliance, marketing, and data analysis — areas traditionally serviced by software firms…
While Indian IT stocks crashed on Wednesday amid fears that AI tools could disrupt traditional outsourcing models, Deepak Shenoy, CEO of Capitalmind AMC, offered a practical lens to view the situation — how to contain potential IT job losses in the AI era rather than panic over disruption. Instead of viewing AI as a threat…
IT Stocks Crash: The IT sector brought a big shock for investors in the stock market on Wednesday morning. In early trade, benchmark indices Sensex and Nifty were trading in the green with mild fluctuations. At the same time, Nifty IT was down by about 6.10 percent in the sectoral index on Nifty. All the…
Domestic technology stocks staged a strong comeback last week after moving sideways for over a month, supported by better December-quarter growth at large-cap firms, healthier deal pipelines, and management commentary indicating that demand conditions have stabilized. The improved sentiment in the IT sector also helped the Nifty 50 remain higher during the week with mild…
The IT index underperformed the benchmark Nifty 50 significantly in 2025. While the benchmark index rose 10.51%, the Nifty IT index dropped 12.6% last year. Most major IT companies, including TCS, HCL Tech, and Infosys, suffered losses in double digits in 2025. However, after the recent correction, several experts have started spotting value emerging in…
Domestic tech stocks are witnessing heavy losses in Friday’s session, December 26, after the country’s second-largest tech company, Infosys, raised its entry-level salaries for freshers. Nine of the ten constituents of the Nifty IT index are trading in the red, led by Coforge, which dropped 4%, followed by Mphasis, Tech Mahindra, LTIMindtree, Tata Consultancy Services,…
