Indian IT stocks experienced their steepest single-day fall in nearly four months, plunging over 5% as concerns about AI’s impact on revenue streams resurfaced. The Nifty IT index slumped, dragging the broader market lower, with analysts citing immense pressure and uncertainty driving liquidation. While the sector’s recovery is questioned, significant further downside is not anticipated.
Credit card issuance hits strongest pace in more than two years
The additions were led, once again, by the country’s largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and edging past
July 27, 2026