IT stocks fall amid fears of AI replacing traditional software, IT services
IT stocks came under pressure amid fears of artificial intelligence (AI) making traditional software and IT services obsolete after Anthropic launched AI tool which could automate legal work.
Infosys is currently trading at Rs 1520.00, down by 134.95 points or 8.15% from its previous closing of Rs 1654.95 on the BSE.
Tata Consultancy Services (TCS) is currently trading at Rs 3015.00, down by 208.70 points or 6.47% from its previous closing of Rs 3223.70 on the BSE.
Tech Mahindra is currently trading at Rs 1607.15, down by 108.50 points or 6.32% from its previous closing of Rs 1715.65 on the BSE.
HCL Technologies is currently trading at Rs 1598.70, down by 95.00 points or 5.61% from its previous closing of Rs 1693.70 on the BSE.
Wipro is currently trading at Rs. 231.80, down by 10.65 points or 4.39% from its previous closing of Rs 242.45 on the BSE.
