4 months ago
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IT stocks tumbled connected Wednesday (February 4, 2026), with Infosys slumping implicit 7%, successful enactment with a dense selloff successful tech companies successful the U.S..
Shares of Infosys plunged 7.19%, Tata Consultancy Services tanked 6.95%, LTIMindtree dropped 5.51%, and Hexaware Technologies tumbled 4.98% connected the BSE.
The banal of Persistent Systems edged little by 4.69%, HCL Technologies declined 4.22%, Tech Mahindra mislaid 4.12%, and Wipro fell by 3.73%.
The combined marketplace valuation of these firms eroded ₹1.66 lakh crore. The BSE IT scale tumbled 5.49% to 35,109.51. "IT stocks faced crisp selling pressure, tracking weakness successful planetary exertion shares.
"Sentiment successful the assemblage deteriorated aft AI startup Anthropic unveiled an end-to-end workflow automation productivity tool, rekindling concerns that accelerated advances successful AI could disrupt accepted bundle concern models and measurement connected industry-wide profitability," Ponmudi R, CEO of Enrich Money, an online trading and wealthiness tech firm, said.
In the U.S. market, the Nasdaq Composite scale tumbled 1.43% connected Tuesday (February 3).
IT stocks were the biggest resistance for the markets. After a singular rally successful the erstwhile trade, the 30-share BSE Sensex ended 78.56 points, oregon 0.09%, higher astatine 83,817.69. The 50-share NSE Nifty went up 48.45 points oregon 0.19% to settee astatine 25,776.
"Overall upside remained constricted owed to weakness successful IT stocks amid concerns implicit reduced request for accepted outsourcing pursuing Anthropic's instauration of caller AI-driven automation tools," Vinod Nair, Head of Research, Geojit Investments Ltd, said.
