Wipro and Infosys shares in focus as US-listed ADRs extend losses, down over 3%.

Shares of Infosys and Wipro are expected to remain in focus as their US-listed ADRs fell up to 3.35% overnight, extending losses amid rising concerns over the global software sector. The weakness could spill over to the broader IT pack, with Coforge, Persistent Systems, LTIMindtree, and HCL Tech also expected to see heightened activity. The sell-off followed an announcement by US AI startup Anthropic, which unveiled a new tool designed to automate legal functions. Investors are increasingly worried about intensifying competition and margin pressure stemming from widespread AI adoption.