SynopsisAI’s looming threat on the IT services sector has battered India’s blue chip technology stocks. Whether its a new frontier model launch, or improvements in agentic coding, or OpenAI and Anthropic’s direct fight for the services pie, the IT sector has seen its worst sell-offs in recent times.AI’s looming threat on the IT services sector has battered India’s blue chip technology stocks. Whether its a new frontier model launch, or improvements in agentic coding, or OpenAI and Anthropic’s direct fight for the services pie, the IT sector has seen its worst sell-offs in recent times. The impact is no longer confined to market sentiment, but has also started showing in company financials. Revenue numbers have started showing deflation andNow Playing
ET Graphics: AI agents stealing IT’s lunch - The Economic Times
AI’s looming threat on the IT services sector has battered India’s blue chip technology stocks. Whether its a new frontier model launch, or improvements in agentic coding, or OpenAI and Anthropic’s direct fight for the services pie, the IT sector has seen its worst sell-offs in recent times.
120 words~1 min read
