Indian Markets Slump Nearly 1% as IT Rout Deepens Amid Trump Tariff Fears
Benchmark indices Sensex and Nifty shed nearly 1% today, dragged by a relentless IT sector sell-off and investor jitters over US President Trump’s tariff threats, erasing gains from recent rallies. The Nifty IT index plunged over 3% intraday, with heavyweights TCS (down 2.8%), Infosys (3.2%), HCL Tech (4%), and Wipro
Why Indian IT Stocks Like TCS, Infosys, Wipro Fell After Anthropic’s New AI Tools Launch
Indian IT stocks crashed sharply after Anthropic announced new AI tools, sparking fears of AI-driven disruption in the global software services industry. Shares of major firms like Infosys, TCS, Wipro, and HCL Tech plunged up to 7%, dragging the Nifty IT index down and erasing over Rs 1.9 lakh crore
