TCS, Infosys to Wipro: Indian IT stocks may have a Black Friday as US tech stocks slump on AI disruption fears

Infosys, Tata Consultancy Services, Wipro, HCL Technologies and other IT stocks are likely to remain under pressure on Friday after witnessing a sharp sell-off in the previous session. Concerns around Artificial Intelligence (AI)-led disruption and weak sentiment across global technology stocks continue to weigh on the sector.

The Nifty IT Index plunged 5.5% in the previous session, led by sharp declines in Coforge, Tech Mahindra, Oracle Financial Services Software and Infosys.