Reuters

03 Jun 2026, 06:47 UTC · 1h ago

India's IT stocks head for worst day in four months; TCS plunges 9%

Read original · https://www.reuters.com/world/india/indias-it-stocks-head-worst-day-four-months-tcs-plunges-9-2026-06-03/

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Investors are concerned that AI will reduce demand for traditional software services. — Structural disruption of the core business model for IT services creates long-term valuation risks.
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2
Indian IT stocks experienced their biggest single-day drop in over four months on Wednesday. — Strong immediate selling pressure indicates a shift in short-term sentiment and technical breakdown.
-0.30

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