IT stocks slide up to 2% after Jefferies warns AI pain isn’t over; Infosys, TCS among six downgraded
Indian IT stocks declined as much as 2.5% in Monday’s trading session after brokerage firm Jefferies downgraded the sector, stating that the pain caused by artificial intelligence-triggered disruption is not yet over. Among the IT pack, Mphasis emerged as the top loser, dropping 2.5% to ₹2,314.30, followed by Infosys and Wipro, which fell nearly 2%…
