Anthropic's AI Agent Just Crashed Indian IT Stocks 6%: What Cowork Can Do, What It Can't & Why TCS, Infosys Are Panicking
Today Was Brutal for Indian IT Stocks
February 4, 2026, 10:30 AM: Nifty IT was down 5.9%.
By noon: Down 6.3%.
The damage:
- TCS: Down 6.5% (₹3,014 from ₹3,225)
- Infosys: Down 8.2% - steepest fall in 2.5 years
- Wipro: Down 4-5%
- HCL Tech: Down 5.1%
- Persistent Systems: Down 7.5%
Total market cap wiped out: ₹2 lakh crore. In one day.
This is the worst single-day crash for Nifty IT since March 2020 (COVID crash).