IT Stocks Plunge 2% Amid AI Fears, Extend Losses to 4th Day

• Indian IT stocks, including Infosys, TechM, and Wipro, declined up to 2%, marking a fourth consecutive day of losses.
• The Nifty IT index fell 1% to 32,360.35, now down over 9% in four sessions and 15% in 2026 due to AI disruption concerns.
• Infosys shares dropped over 2% to Rs 1,341, experiencing a 20% decline in the past month.
• Concerns intensified after Anthropic launched a legal AI tool, raising fears of increased competition for software makers.
• Experts believe the market reaction is emotional; AI is a productivity tool that can improve margins and expand opportunities for IT firms, not replace engineers.