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VERIFIEDET Markets·negative
KPIT outlook shock sends IT stocks sliding as growth worries intensify
AI Summary
- ·KPIT Technologies warned of a near-term revenue slowdown, impacting mid-cap IT stocks.
- ·The Nifty IT index experienced a significant downturn, becoming the day's biggest loser.
- ·Investor concerns about AI's impact on India's software services sector have intensified.