New Delhi, Feb. 4 -- Indian IT stocks were bleeding on Wednesday, February 4, mirroring a sharp selloff in US technology counters and reacting to fresh developments around AI startup Anthropic.

The trigger was news that Anthropic had launched new AI tools capable of automating tasks in legal, compliance, marketing, and data analysis - areas traditionally serviced by software firms and IT service providers. Adding to the pressure was the strength in the Indian Rupee, which typically weighs on export-heavy IT companies by hurting margin expectations.

The Nifty IT index plunged over 7%, with all 10 constituents trading in negative territory. Among major names, Infosys slipped nearly 9% to Rs.1,510.10, on course to log its worst single day ...