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Nifty IT drops 3% as Infosys TCS slide up to 5% amid fresh AI fears

Nifty IT drops 3% as Infosys TCS slide up to 5% amid fresh AI fears

Indian IT stocks took a sharp hit as Infosys, TCS and peers fell as much as 5%, pulling the Nifty IT index down around 3%. The selloff followed OpenAI’s launch of a Deployment Company, reviving worries that AI disruption could accelerate for IT services. Sentiment stayed weak even as Wall Street logged record highs and the rupee weakened.

Summarised by Beize from a story on The Economic Times on 12 May 2026
LIC Plows Nearly 2 Billion Into 10 Companies in Q4 Including Airtel and TCS

LIC Plows Nearly 2 Billion Into 10 Companies in Q4 Including Airtel and TCS

LIC invested nearly $2 billion in 10 companies in Q4 FY26, adding names like Bajaj Finance, Bharti Airtel, and TCS. The purchases came even as markets faced volatility and growing fears about AI disrupting business models. Several of LIC’s selected stocks fell significantly during the same quarter, raising questions about how the insurer is timing risk and opportunity.

Summarised by Beize from a story on The Economic Times on 11 May 2026

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Fund managers Rajeev Thakkar and Sankaran Naren back Indian IT as AI fears fade

Fund managers Rajeev Thakkar and Sankaran Naren back Indian IT as AI fears fade

Veteran fund managers Rajeev Thakkar and Sankaran Naren say some Indian IT stocks look attractive even as AI disruption worries persist. Naren frames the move as a contrarian bet on valuations, while Thakkar argues Indian firms have repeatedly adapted to technology shifts. He also suggests AI could boost productivity and expand end demand for services.

Summarised by Beize from a story on The Economic Times on 10 May 2026
Largecap IT as value play gets a reality check as BNP Paribas flags AI and earnings risks

Largecap IT as value play gets a reality check as BNP Paribas flags AI and earnings risks

BNP Paribas analyst Kumar Rakesh warns that the IT sector’s “value” narrative may be overstated. He points to weak FY27 guidance, AI-driven disruption, and stalled client spending as key headwinds. Buybacks and dividends can cushion sentiment, but elevated earnings risks mean investors may need to be far more selective when picking largecap IT stocks.

Summarised by Beize from a story on The Economic Times on 2 May 2026
India tech giants struggle as $115 billion rout deepens after weak results

India tech giants struggle as $115 billion rout deepens after weak results

India’s leading software exporters are under pressure as Infosys and HCL Technologies reported results that missed expectations. Investor fears over slowing growth, worsened by a weak global economy and AI-driven disruption, have dragged valuations across the IT sector. The selloff has erased tens of billions in market value, intensifying doubts about the next phase of earnings momentum.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Infosys shares slide after Q4 despite profit jump as FY27 growth outlook disappoints analysts

Infosys shares slide after Q4 despite profit jump as FY27 growth outlook disappoints analysts

Infosys shares fell after reporting a 21% rise in profit, as its FY27 revenue growth forecast of just 1.5% to 3.5% landed below expectations. Investors were also rattled by concerns over headcount reduction and fewer new deals. While brokerages remain split between Hold and Buy calls, most have cut price targets, citing macro uncertainty and AI disruption risk.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Tech jobs hit 51 percent share in India but hiring still falls 26 percent

Tech jobs hit 51 percent share in India but hiring still falls 26 percent

In December, technology accounted for 51% of India’s white-collar job openings, its highest level since October 2022. But the hiring picture is still weak: overall tech hiring fell 26% year-on-year. Companies remain cautious over AI disruption and market uncertainty, while flexible roles now make up 31% of active tech postings.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Markets end higher as Ola Electric slips and IDBI Bank tumbles on worries

Markets end higher as Ola Electric slips and IDBI Bank tumbles on worries

Indian markets finished higher on Tuesday, lifted by strength in banks, auto and metals. Lloyds Metals jumped on expansion plans, but Ola Electric and IDBI Bank fell after brokerage cuts and divestment concerns. IT stocks remained weak as investors refreshed fears of AI-led disruption, keeping sentiment cautious even with the overall index up.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Wipro Q4 profit slides 1.9% as revenue climbs 8% amid AI disruption and slow deal ramps

Wipro Q4 profit slides 1.9% as revenue climbs 8% amid AI disruption and slow deal ramps

Wipro reported Q4 net profit down 1.9% to Rs 3,502 crore while revenue rose 8%. Over fiscal 2026, annual revenue fell 1.6% in constant currency terms, mirroring TCS, as geopolitical uncertainties, AI-led disruptions, and slower deal ramp-ups continue to pressure growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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