Indian IT stocks set for worst week in four months as AI jitters deepen
In a dramatic turn of events, Indian software shares fell sharply this Friday, leading to their toughest week in over four months. The spotlight is on artificial intelligence anxieties, which are weighing heavy on the high-margin income of IT comp...
By Reuters |
Indian software exporters shares fell about 2% on Friday and were headed for their worst week in over four months, as rapid advances in artificial intelligence deepened worries that high-margin application-services revenues for Indian IT firms could come under pressure.
The sub-index was the biggest sectoral loser on the day, with all 10 constituents trading in the red. Coforge led losses with its 3.8% drop.
TCS and Infosys fell nearly 2% each. Nifty 50 was down 0.3%.
The IT index has dropped 6.8% so far this week and was set for its biggest drop since September 2025.
The sub-index was the biggest sectoral loser on the day, with all 10 constituents trading in the red. Coforge led losses with its 3.8% drop.
TCS and Infosys fell nearly 2% each. Nifty 50 was down 0.3%.
The IT index has dropped 6.8% so far this week and was set for its biggest drop since September 2025.
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