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Indian IT Stocks Slide After Anthropic Unveils New AI Tools
Indian IT stocks fell as Anthropic’s new AI tools raised concerns over margins and software pricing pressure.
Shares of Indian IT and global software companies declined after AI startup Anthropic unveiled new advanced artificial intelligence tools. Investors grew cautious about pricing pressure, faster commoditisation of software services, and margin risks as AI adoption accelerates. Market participants cited fears of deal repricing, intensifying competition, and reduced billing rates, triggering near-term selling across listed technology stocks in India and overseas markets during recent sessions.