AI disruption in IT - InfoVera Online

IT sell-off deepens: Infosys, Wipro ADRs slide as US tech rout and rate fears weigh – The Times of India

Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday …

Rs 1.3 lakh crore wiped off! Why TCS, Infosys and other IT stock prices have plunged up to 5%? – The Times of India

by InfoVera Team

India’s technology sector faced a major selloff on Thursday as the Nifty IT index dropped over 4 per cent to a four-month low. Top IT companies like TCS, Infosys, and Wipro lost more than 4 per cent of their value. The sector’s total market value fell by Rs 1.3 lakh crore due to fears about …