{"id":989990,"date":"2026-02-05T09:07:32","date_gmt":"2026-02-05T03:37:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=989990"},"modified":"2026-02-05T09:46:29","modified_gmt":"2026-02-05T04:16:29","slug":"saaspocalypse-hits-indian-it-stock","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/05\/saaspocalypse-hits-indian-it-stock\/","title":{"rendered":"\u2018SaaSpocalypse\u2019 hits Indian IT stock"},"content":{"rendered":"<p>The Indian IT sector\u2019s rally on the back of India-US trade deal proved to be short-lived as stocks took a heavy beating on Wednesday. The Nifty IT index registered its sharpest ever fall of 2,286 points. In percentage terms, it fell 5.87% \u2014 the highest since March 23, 2020. <\/p>\n<p>The sharp fall came after US-based artificial intelligence firm, Anthropic, announced that it is launching a new set of AI tools for corporate legal teams and hit IT and SaaS (software as a service) companies across the globe, including Indian system integrators. Infosys led the decline with a 7.26% dip on the National Stock Exchange (NSE), followed by Tata consultancy Services (TCS; 7.01%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian IT sector\u2019s rally on the back of India-US trade deal proved to be short-lived as stocks took a heavy beating on Wednesday. The Nifty IT index registered its sharpest ever fall of 2,286 points. In percentage terms, it fell 5.87% \u2014 the highest since March 23, 2020. The sharp fall came after US-based artificial intelligence firm, Anthropic, announced that it is launching a new set of AI tools for corporate legal teams and hit IT and SaaS (software as a service) companies across the globe, including Indian system integrators. Infosys led the decline with a 7.26% dip on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-989990","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/989990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=989990"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/989990\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=989990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=989990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=989990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}