Nifty IT update

The Nifty IT index has remained under heavy pressure, falling 12% over the last one month, 16% in three months and 24% in the past six months amid rising concerns around growth, valuations and disruption from artificial intelligence. One of the biggest concerns for the sector is OpenAI’s growing push into enterprise AI deployment services, which could reduce the role of traditional IT service providers that have historically acted as intermediaries between technology platforms and large corporate clients.