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.

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…