Nifty IT tumbles to 4-month-low amid AI fears; TCS, Wipro fall 4%

The Nifty IT index dipped over 4.5% to 33,408 points, hitting a 4-month-low during early trading hours on February 12, with most stocks in the red. TCS and Wipro fell nearly 4.5%, and Cyient dropped by 3.51%, all falling to their 52-week lows. This comes amid a massive sell-off in American Depository Receipts (ADRs), citing AI tools-related fears.