{"id":990609,"date":"2026-02-07T10:31:55","date_gmt":"2026-02-07T05:01:55","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=990609"},"modified":"2026-02-07T10:31:55","modified_gmt":"2026-02-07T05:01:55","slug":"techs-sell-off-on-dalal-street-as-anthropics-ai-app-takes-on-indian-it-majors-business","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/07\/techs-sell-off-on-dalal-street-as-anthropics-ai-app-takes-on-indian-it-majors-business\/","title":{"rendered":"Techs sell-off on Dalal Street as Anthropic\u2019s AI-app takes on Indian IT majors\u2019 business"},"content":{"rendered":"<p>MUMBAI: A tech sell-off on Dalal Street on Wednesday\u2014that came on the back of Anthropic\u2019s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters\u2014wiped off about Rs 1.75 lakh crore worth of market value.<\/p>\n<p>The sharp slide in sector leaders like TCS, Infosys and Wipro, also left BSE\u2019s IT index down 5.5% at close of session. Despite the tech meltdown, sensex closed marginally higher, up 79 points or 0.1%, as strong buying in other index-heavyweights like Reliance Industries and ICICI Bank more than made up for the loss inflicted by the software exporters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: A tech sell-off on Dalal Street on Wednesday\u2014that came on the back of Anthropic\u2019s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters\u2014wiped off about Rs 1.75 lakh crore worth of market value. The sharp slide in sector leaders like TCS, Infosys and Wipro, also left BSE\u2019s IT index down 5.5% at close of session. Despite the tech meltdown, sensex closed marginally higher, up 79 points or 0.1%, as strong buying in other index-heavyweights like Reliance Industries and ICICI Bank more than made up for the loss inflicted by the software [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-990609","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/990609","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=990609"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/990609\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=990609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=990609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=990609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}