Indian IT stocks fell sharply after OpenAI's acquisition of consulting firm Tomoro intensified concerns over AI-led disruption to traditional IT services models
Nifty IT index has fallen nearly 25 per cent year-to-date, compared with an 8.85 per cent decline in the benchmark Nifty50
India's IT sector faces muted growth as client spending slows and AI disrupts pricing, with analysts expecting only 3-4% revenue growth in the near term
The Sensex touched a low of 76,680.75, down 983.253 points, or 1.26 per cent. Likewise, the Nifty 50 hit an intraday low of 23,893.40, down 279.65 points, or 1.15 per cent
The buyback price is 19 per cent higher than the stock's closing price on Thursday's of Rs 210.15 per share on the NSE.
Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent
Anthropic's latest AI model, Mythos, marks a shift from general-purpose AI to domain-specific intelligence-particularly in cybersecurity. Motilal Oswal sees limited immediate disruption to Indian IT
Accenture sees AI-led deal momentum, but analysts remain cautious on Indian IT stocks amid weak demand, macro risks, and uncertain growth outlook
Indian IT firms derive a major portion of revenue from the US market, making them sensitive to changes in interest rate expectations and inflation trends
Nifty IT index snaps six-day losing streak as brokerages cite stable demand, limited pricing pressure and resilient outlook despite concerns over generative AI
Nifty IT index: Today's rebound in IT stocks followed a sharp decline over the past six sessions, during which the index had lost 4.6 per cent
FPIs sold nearly ₹17,000 crore worth of IT stocks in February despite strong overall equity inflows, as fears of AI-led disruption drove the sector to its steepest monthly fall since 2008
IT stocks outperformed the market on Wednesday as rupee breached the 92 per dollar-mark. Shares of Infosys, TCS, HCL Tech gained amid the market crash
Sunny Agarwal of SBI Securities said that going ahead, the financial services sector will lead, which includes banks, both public sector (PSU) and private
Emkay Global has turned 'Overweight' on Indian IT sector after Nifty IT fell 21 per cent in February 2026. It sees a 3-year return potential of up to 25 per cent with limited downside.
Earlier this week, Jefferies downgraded Indian IT companies Infosys, HCLTech and MphasiS to 'hold'; LTIMindtree, TCS and Hexaware to 'underperform'.
The Nifty IT index has lost over 19 per cent in CY26 as compared to a nearly 2 per cent dip in the Nifty 50 index during this period
The global research and broking house has cut their earnings estimates by 1-4 per cent across IT firms and expects 6 per cent earnings CAGR over FY26-28.
The correction in the tech pack has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook
Anand James of Geojit Investments reckons that the momentum oscillators for Infosys are yet to show signs of full reversal, and flags key support for the stock around ₹1,340 levels.