IT rout drags Indian markets

Indian equity benchmarks tumbled on Tuesday, dragged by information technology stocks which are on course for their worst month since April 2003 on persistent fears of AI-driven disruption, reports Reuters.
The Nifty 50 fell 1.12 per cent to 25,424.65 and the BSE Sensex shed 1.28 per cent to 82,225.92. IT stocks slumped 4.7 per cent to a 30-month low.
The sub-index has lost 21 per cent so far in February, wiping out an aggregate $68.5 billion in market value from its 10 constituents.