New Delhi, April 15 -- Indian IT stocks have remained under sustained selling pressure, with the Nifty IT index declining 17% so far in 2026. The downturn is largely attributed to rising concerns over potential disruption from rapid advancements in the artificial intelligence (AI) space.

The Indian IT sector is grappling with slowing growth, limited earnings visibility, and the absence of the "AI froth" that has supported valuations of global technology companies.

Infosys, Tata Consultancy Services (TCS), LTIMindtree, Coforge, Wipro, and L&T Technology Services are among the major IT players that have all fallen more than 20% on a year-to-date (YTD) basis.

The launch of advanced generative AI models by platforms such as Claude and Pala...