IT Index Hits 4-Month Low Amid AI Disruption Concerns

The Nifty IT index slipped to a four month low as concerns over artificial intelligence driven disruption and slowing global tech spending weighed on sentiment. Major IT stocks faced sustained selling pressure amid fears that automation could compress margins and reduce traditional outsourcing demand. Analysts believe near term volatility may persist, though selective accumulation is advised in fundamentally strong companies with diversified digital capabilities.

Lenskart reported a multifold jump in Q3 net profit to Rs 133 crore, driven by robust revenue growth and operational efficiencies across its omnichannel network. Expansion in both online platforms and physical retail stores supported margin improvement amid steady consumer demand. Investors are evaluating the sustainability of this earnings acceleration. Analysts remain optimistic about long-term growth potential in India’s expanding organized eyewear market.