Indian Tech’s Nifty Share Shrinks to Record Low on AI Worries (opens original article in a new tab)

India's IT sector is losing influence in the stock market as AI concerns cause a prolonged selloff, with the Nifty IT Index down 29% this year.

• India's IT sector's weight in Nifty 50 index fell to 7.6%
• Nifty IT Index dropped 29% this year due to AI concerns
• IT sector is now fifth-largest in Nifty 50