Infosys and TCS plunge again as investors fear AI disruption and weak client spending

Investors cut IT exposure as AI worries reshape demand

Indian IT stocks extended losses for a fourth straight session as investors reduced exposure amid softer growth visibility, muted client spending and fresh fears of AI-driven disruption. The Nifty IT index slid sharply, dragging major players like Infosys and Tata Consultancy Services lower on cautious guidance and deflationary pressure.