Indian IT Stocks Plummet 6.4 Trillion in Worst Week in Four Months Amid AI Disruption Fears

Indian IT stocks recorded their worst weekly performance in four months, losing over Rs 6.4 trillion in market capitalization, as fears of AI disruption resurfaced. The Nifty IT index fell 1.5% on Friday and declined 6.4% over the week, with Infosys and Tech Mahindra experiencing the steepest declines. Investors are worried about AI-led disruption amidst muted revenue growth for Indian IT firms. However, some analysts believe the current sell-off is an overreaction and IT stocks could rebound in the coming months.