IT Sector Plunge Drags Indian Stocks Down Amid AI Disruption Fears

• Indian stock indices dipped Thursday, with Sensex down 0.66% and Nifty down 0.57%.
• IT sector declined the most by 5.51%, led by Infosys, TCS, Wipro, Tech Mahindra, and HCL Tech.
• Analysts attribute the nosedive to mounting concerns over AI-led disruptions and their impact on traditional IT services.
• Strong US job data reduced expectations of a US Fed rate cut, further dampening investor sentiment.
• Geopolitical tensions between the US and Iran also contribute to a cautious investor approach.