VERIFIEDEconomic Times News·12 May 2026negative

Nifty IT tumbles 3% as Infosys, TCS and other stocks slide up to 5%. What’s spooking investors?

AI Summary

·The Nifty IT index fell 3% due to a sharp decline in major IT stocks.
·Infosys, TCS, and HCLTech experienced drops of up to 5%.
·The selloff was triggered by concerns over AI disruption following OpenAI's new product launch.