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CRYPTO 16H AGO Source: News9live

IT stocks crash: TCS, Infosys drop up to 8%; what’s causing the new turmoil?

After three consecutive days of gains, the IT sector witnessed a massive sell-off on Wednesday with the Nifty IT Index tumbling by about 5.14% around 12 noon. A few months ago, towards the beginning of the year, IT stocks faced a meltdown mainly due to the apprehensions about the disruptive impact of AI.

IT stocks crash: TCS, Infosys drop up to 8%; what’s causing the new turmoil?
After three consecutive days of gains, the IT sector witnessed a massive sell-off on Wednesday with the Nifty IT Index tumbling by about 5.14% around 12 noon. A few months ago, towards the beginning of the year, IT stocks faced a meltdown mainly due to the apprehensions about the disruptive impact of AI.
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