India, Feb. 5 -- On 3 February 2026, a sharp fall in IT stocks nearly erased Rs 2 lakh crore from the market value of the Nifty IT index. This downturn majorly affected the big names in the IT services industry, including TCS, Infosys, HCLTech and Wipro. The share prices falling between 4% and 8% is being called a market reaction, followed by the release of 11 open source plugins from Anthropic's Claude Cowork platform.

Traditionally, IT service providers like TCS and Infosys operate on a billable hours model. They provide human labour to manage complex business processes, data migration, and software maintenance. Until recently, artificial intelligence served as a tool to help these employees work faster.

Claude Cowork matches traditio...