Indian IT Stocks Fall Sharply Amid Global Tech Selloff Triggered by Anthropic AI Tools

Indian IT stocks, including Infosys, TCS, Wipro, and others, experienced a sharp selloff following a global decline in technology shares triggered by US AI startup Anthropic's launch of new AI tools. These tools, especially a legal automation plugin for the Claude Cowork AI assistant, raised investor concerns about AI disrupting traditional software and IT services business models by automating tasks previously outsourced to IT firms. The selloff wiped out nearly Rs 2 lakh crore in market value from Indian IT companies amid fears of margin pressure and reduced demand, while analysts noted the complexity of AI integration and urged caution in interpreting the market reaction.