IT Stocks Plunge: Infosys, Wipro, TCS Down 6% as Anthropic's New AI Tool Spooks Investors

• Major Indian IT stocks like TCS, Wipro, and Infosys fell over 5% intraday, following a global trend.
• The Nifty IT index dropped 5.25%, reflecting widespread selling pressure in the sector.
• Anthropic's new AI tool, a legal automation solution, triggered investor concerns about the viability of traditional software business models.
• US software stocks, including Gartner, Adobe, Salesforce, and Microsoft, also saw significant declines.
• Indian IT ADRs (Infosys, Wipro) and global peers (Accenture, Cognizant) were impacted by the US tech sell-off.

Why It Matters: Anthropic's new AI tool sparked global investor fears, causing a sharp decline in IT stocks worldwide.