Nifty IT’s 21% February crash is worst since the 2008 global financial crisis. More pain or perfect time to buy?

Concerns escalated after AI startup Anthropic said its Claude tool can help streamline COBOL code, raising fears of disruption to long-standing revenue streams for technology companies. The announcement sent ripples through global tech stocks. To put things into perspective, shares of IBM plunged 13% overnight, marking the company’s worst single-day selloff in about 25 years.In today’s session, IT stocks tumbled up to 8%. Tech Mahindra, Following the historic correction, the Nifty IT index now trades at an ...