Infosys, TCS to HCL Tech: IT stocks extend selloff. Why is Anthropic's COBOL creating fresh AI disruption fears?

The Nifty IT index tanked over 3%, taking the month-to-date decline to 20%. As of yesterday's close, the IT pack has lost ₹5.05 lakh crore in market capitalisation.

Infosys, TCS to HCL Tech: IT stocks extend selloff. Why is Anthropic's COBOL creating fresh AI disruption fears?
The Nifty IT index tanked over 3%, taking the month-to-date decline to 20%. As of yesterday's close, the IT pack has lost ₹5.05 lakh crore in market capitalisation.

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