IT stocks decline sharply amid AI-driven market concerns
pre-market1 source ↓written by the desknot a recommendation
- 36,393.70
- each
- 6%
Indian IT stocks fell sharply on Wednesday, with the Nifty IT index dropping over 6% to 36,393.70. Major players like Infosys, TCS, and HCL Technologies saw declines of nearly 6% each, reflecting growing concerns over increased competition due to AI advancements. This sector is currently the top loser on the market, impacting overall sentiment.
Not investment advice. For informational purposes only.