Affected by concerns about artificial intelligence, India's Infosys and Tata Consultancy Services lead the sell-off of Indian software stocks.

Due to growing concern in the market about the potential impact of artificial intelligence on existing business models, Indian software companies have experienced a decline, with Infosys and Tata Consultancy Services leading the way. On Thursday, both of these two largest Indian software companies' stock prices fell by over 4%, dragging down their peers and causing a widespread sell-off in the sector. The Indian Nifty IT Index plummeted by 4.6% at one point, hitting its lowest level since October 1st of last year, with all 10 component stocks closing lower.