Indian IT Stocks Plunge Amid Anthropic Launches

Indian IT stocks plunged in February as multiple product updates from AI startup Anthropic rattled investors, driving the Nifty IT index down about 21% this month. Starting Feb. 4 and accelerating through Feb. 24, Anthropic unveiled Claude plugins, Opus 4.6, direct enterprise sales, web tools and Claude Code updates that heightened fears of automation displacing software services. The rout pressured heavyweight firms like TCS, Infosys and Tech Mahindra.