Infosys to TCS, HCL Tech: Nifty IT crashes over 3% - Why are IT stocks under pressure in trade today?
Published on: May 12, 2026, 10:08 a.m. | Source: Livemint
Indian IT stocks faced heavy selling on May 12 following OpenAI's announcement of DeployCo, an AI-focused venture with over $4 billion in funding. The Nifty IT index dropped 3.3%, with TCS, Infosys, and Persistent Systems as concerns grew over competition from AI-native firms.
