The Times of India

Indian IT stocks crash: Infosys, TCS, Wipro down up to 6% - why launch of new AI tool by US startup Anthropic is driving the fall

Shares of major IT companies, including Infosys, Wipro, HCL Tech and Persistent Systems, slid as much as 6 per cent in early trade. The negative sentiment mirrored weakness on Wall Street, where the technology-heavy benchmark Nasdaq declined 1.4 per cent, erasing nearly $300 billion in market capitalisation across the sector.