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BSE IT snaps 2-month rally as AI worries weigh on sentiment
11 Sep 2026, 11:37AM

The BSE IT has fallen sharply this month, with majors such as TCS, HCLTech, Wipro, and Tech Mahindra declining between 5% and 10% during the period.

 

New AI models launched by OpenAI, Google, Meta, and Anthropic could help companies adopt AI faster and create new business opportunities. However, they may also reduce the need for some traditional IT services by automating more tasks and lowering costs.

 

As AI models become cheaper and more capable, investors are reassessing the growth outlook for India's IT sector.

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