June 3 (Reuters) – India’s information technology stocks were headed for their biggest single-day drop in over four months on Wednesday as investors assessed the impact of AI on demand for traditional software services.
The IT index was down 5.8% at 29,310.25 points. If losses hold, this would be its worst day since February 4.
India’s largest software exporter Tata Consultancy Services slumped 9% and led losses, while Bengaluru-based Infosys and Wipro dropped 4.3% and 3.7%, respectively.
(Reporting by Vivek Kumar M; Editing by Sonia Cheema)
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