Nifty IT index fell 1.5% on October 27 as Anthropic PBC’s initial public offering filing offered a much-needed sentiment boost to the AI trade, bolstering semiconductor stocks in South Korea and Japan.
Infosys fell 1.58%, reversing the 1.1% rise in the previous session.
The country's No. 2 software services firm by revenue lowered its revenue growth guidance for fiscal 2027 after reporting higher-than-expected September-quarter revenue after market hours on Friday.
Among other losers are Tata Consultancy Services and Coforge, which declined 2% and 1.4%, respectively.
At 11:30 am on October 27, Nifty IT index was trading 1.5% lower at 31,796.8 and was the top loser among sectoral indices.