IT takes D-St on a tumble, AI fears pop up on HCL Q4 miss

April 23, 2026

Indian IT stocks experienced a significant decline on Wednesday. This sell-off was triggered by HCL Technologies’ disappointing fourth-quarter earnings and subdued future outlook. Investor concerns about Artificial Intelligence’s disruptive potential in the sector resurfaced. The Nifty IT index saw a substantial drop, with several major IT companies also falling.

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