IT Shares Slide for Fourth Straight Day Amid AI Jitters

IT stocks extended losses for the fourth consecutive session on Thursday, as investor sentiment remained weak over concerns regarding OpenAI’s deployment strategies and potential disruption in traditional IT services. The Nifty IT index tumbled nearly 3%, with all constituents ending in the red. Persistent Systems plunged up to 5%, while HCLTech also declined sharply by around 5%. Other major players like

, s, and faced selling pressure. Analysts cited an ongoing enterprise pivot towards AI-native solutions and softer macroeconomic cues as key reasons dampening sentiment. Fears that rapid AI adoption could shrink demand for conventional outsourcing and managed services added to the gloom.