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Infosys, other IT shares fall up to 7% amid 'SaaSpocalypse', wipe out ₹1.25 lakh crore in mins
short by Medhaa Gupta / on Wednesday, 4 February, 2026
Infosys, Wipro, TCS, Coforge and Persistent Systems fell up to 7% on Wednesday as Anthropic's AI plug-ins sparked a 'SaaSpocalypse' in US software stocks amid concerns about the viability of their business models. The five listed Indian IT stocks wiped out ₹1.25 lakh crore in first few minutes of the trading session, CNBCTV18 reported. NiftyIT has fallen 6.27% so far.
read more at CNBCTV18