MUMBAI, INDIA – Indian IT stocks, including Infosys, Tech Mahindra, and Wipro, declined by up to 2% on Monday, extending their losses to a fourth consecutive day. The sell-off is attributed to growing concerns over the impact of artificial intelligence (AI) on the sector.
Market Turmoil
The Nifty IT index, which tracks the performance of Indian IT companies, plummeted by around 1% to 32,360.35 in morning trading hours. This marks the fourth consecutive session of losses, with the index now down over 9% from its previous closing value.
Four-Day Losing Streak
The losses come after a 13% decline in 2025, prompting investors to reassess the sector’s prospects. The AI-led disruption in the industry has sparked worries among investors, leading to the sustained decline in IT stocks.
Market Analysts Weigh In
The ongoing sell-off in IT stocks has sent shockwaves through the market, with analysts warning of potential further losses. As the industry grapples with the challenges posed by AI, investors are bracing themselves for a potentially long and difficult road ahead.