Sensex, Nifty post moderate gains as IT stocks plunge over ‘SaaSpocalypse’

Sensex, Nifty post moderate gains as IT stocks plunge over ‘SaaSpocalypse’
The Indian IT stocks plummeted tracking negative Wall Street cues over steeper competition and lower margins, stemming from AI advancement, after the latest launch of a legal tool by Anthropic for its Claude AI chatbot.