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drop up to 4% despite market rebound: Here’s why IT stocks are under pressure

Shares of

, , and other IT firms faced heavy selling today after Anthropic introduced its latest AI model, Mythos, designed for cybersecurity and advanced code analysis. Even TCS’s solid Q4 results failed to lift sentiment, with the NIFTY IT index slipping more than 2% during the session. , , and Technologies ranked among the biggest laggards on the NIFTY50, even as the broader market staged a recovery. Both the NIFTY50 and SENSEX climbed around 1%, driven by strength in banking and financial counters. At around 12:30 pm, the NIFTY IT index was down about 2.4%, as most technology stocks witnessed notable declines despite reporting upbeat quarterly earnings. Shares of Infosys, , and Technologies were trading lower in the range of roughly 2.5% to 3.3%. , ,! e drop up to 4% despite market rebound: Here’s why IT stocks are under pressure Investment in securities market are subject to market risks. Read all the related documents carefully before investing