Nifty IT Crashes 25% in 2026: Worst Decline Since 2008 as AI Disruption Fears Hammer Indian IT Stocks
The Nifty IT index has plummeted 25% from its February 3 peak, outpacing the 20% 2008 financial crisis drop, as artificial intelligence fears obliterate traditional outsourcing models, erasing ₹7 lakh crore in market cap amid global tech rout and tariff uncertainties. AI Annihilation: From Peak to Panic Since topping 40,000,
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
