Indian benchmark indices fell sharply as stronger U.S. jobs data dampened hopes of near-term Fed rate cuts, triggering a risk-off mood. The Nifty IT index plunged nearly 4%, wiping out Rs 1.3 lakh crore in market value after Anthropic’s new AI tool stoked fears of deeper disruption across India’s tech sector.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets