Nifty IT hits 3‑year low, down 30% YTD; AI could spark bets
The Nifty IT index fell to 26,299, its lowest since April 2023, dragging the sector 30% down YTD while the broader Nifty 50 slipped 9%. Analysts blame weak client spending and macro headwinds, but point to a $300‑400 bn AI‑led services market by 2030, hinting at selective buying on quality firms.