Economic TimesLean R·
Another AI aftershock sends Indian IT stocks for a tumble
IT shares extended their losing streak to the seventh straight session Thursday, the longest since September 2025, as fresh AI-disruption jitters gripped investors amid declines in global tech stocks.The Nifty IT index fell as much as 2.7% intraday before ending at 27,821, down 1.6% and the lowest closing level since May 15. The benchmark Nifty50 ended 0.2% lower.“Indian IT companies were hammered due to Anthropic launching a new AI model that increased the risk to the revenue for domestic tech…
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