Anthropic hack puts IT stock pack on slide row in February; Nifty IT’s 19% fall worst since 2008 crisis

February 28, 2026

The Nifty IT index plunged 19.5% in February, its steepest monthly drop since 2008, as AI disruption fears and new tools from Anthropic triggered heavy selling. Tech stocks erased Rs 5.7 lakh crore in market value, with Coforge and LTIMindtree among the worst hit.

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