The Economic Times

AI scares $56 billion hit tests resilience of TCS, Infosys and other Indian IT stocks

Indian IT stocks, including TCS and Infosys, faced a $56 billion market hit amid global AI-related concerns. The sell-off tested the sectors resilience as investors reacted to fears of automation-driven disruptions and changing technology dynamics. Despite short-term volatility, analysts say strong fundamentals and long-term growth prospects could help these companies navigate the turbulence and recover over time.