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VERIFIEDMint Markets·negative
Infosys to TCS, HCL Tech: Nifty IT crashes over 3% - Why are IT stocks under pressure in trade today?
AI Summary
- ·The Nifty IT index fell by 3.3% on May 12.
- ·Selling pressure on Indian IT stocks was triggered by OpenAI's announcement of DeployCo.
- ·Concerns about competition from AI-native firms impacted major IT companies like TCS and Infosys.