IT stocks led by TCS, Infosys slump 5.25% as AI triggers global software rout
A gauge of India’s top IT stocks led by Tata Consultancy Services Ltd. and Infosys Ltd. is on track for the worst week since March 2020, tracking a global rout in software stocks triggered by Agentic AI.
The Nifty IT fell as much as 5.24% to 31,422.60 points, with all 10 constituents in the red. That dragged down the benchmark Nifty 50 nearly 1%.
