New Delhi, April 9 -- The Indian IT sector is heading into earnings season under a cloud of uncertainty, and investors are once again asking the big question: is this the right time to buy the dip?

Nifty IT index has lost 23% year-to-date, dragged lower by fears of AI-led disruption, macro uncertainty and concerns around future demand. The pressure intensified after the launch of Anthropic's Claude Cowork plug-ins and Claude Code's ability to understand and modernise COBOL, developments that triggered a broad repricing across IT services and SaaS companies.

Now, all eyes are on Tata Consultancy Services (TCS), which is scheduled to announce its Q4FY26 results on April 9, kicking off earnings season for the sector. That will be followed ...