IT Stocks Fall on AI Fear: Is the Indian Tech Services Model Under Threat?
Indian IT stocks came under heavy pressure on May 12, 2026, after renewed fears that artificial intelligence could disrupt the traditional outsourcing model. Reuters reported that the Nifty IT index fell 3.6% to its lowest level since May 2023, while major names like TCS, Infosys, HCLTech and Wipro dropped between 2.5% and 4%. The immediate … Read more