AI fears wipe out $50 billion from Indian IT stocks in February


Stockbrokers trade at their terminals at the National Stock Exchange (NSE) in Mumbai, India, October 21, 2025. REUTERS/Francis Mascarenhas

Feb 13 (Reuters) - Indian IT shares logged their worst week in more ⁠than 10 months on Friday, extending a rout driven by fears of ‌disruption from artificial intelligence tools that wiped about $50 billion off the sector's market capitalisation so far in February.

The launch of a tool by tech startup Anthropic last month triggered a global tech sell-off ​and intensified concerns that rapid adoption of generative AI ⁠could upend India's $283 billion IT ⁠services industry.

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