IT stocks, including Infosys and TCS, decline as Nifty IT index drops 3% amid global tech selloff and AI concerns.

The Nifty IT index plunged 1.7%, marking an 8.4% drop over four sessions, as global tech selloffs and AI trade reversals triggered widespread profit booking in major stocks.

IT stocks, including Infosys and TCS, decline as Nifty IT index drops 3% amid global tech selloff and AI concerns.

Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff…

The Nifty IT index plunged over 2% on Thursday, driven by global tech weakness and fears of artificial intelligence impacting growth for major IT firms like Infosys and TCS.

Indian IT shares extended their seventh straight session of losses as Anthropic's new AI model intensified investor fears of revenue disruption. Global tech stock declines,…