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.
Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII
October 1, 2026