Indian IT Stocks Lose Rs 2 Lakh Crore In Value From Anthropic AI Shock

Indian information technology companies lost nearly Rs 2 lakh crore in market capitalisation on Wednesday in their worst session in several years after Anthropic launched a new enterprise AI automation tool that sparked fears it could eat into the core businesses of data and information services firms. The Nifty IT index comprising of 10 largest companies ended nearly 6% lower, the biggest single day fall in six years.Infosys Ltd. and Tata Consultancy Services Ltd. fell the most.Anthropic included a legal t ...