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The BSE Sensex was little changed around 83,400 on Wednesday, snapping a two-session winning streak, as cautious sentiment and a lack of significant domestic triggers curbed follow-through on the AI-driven rally sparked by Infosys’s partnership with Anthropic. Infosys also announced an AI-first value framework, targeting a share of the estimated $300 billion global AI services market.
Despite this, the IT index fell more than 2.5%, led by a nearly 2% decline in Infosys. Tata Consultancy Services, HCL Technologies, and Wipro also retreated between 0.6% and 1.3%. In contrast, SBIN (+0.6%), Bajaj Finance (+0.5%), ITC Limited (+1.4%), and JSW Steel (+0.9%) outperformed.
Meanwhile, investors are closely watching the India AI Impact Summit, which began on Monday and marks the first global event of its scale on AI to be hosted in a developing country, bringing together world leaders and top corporate executives. Looking ahead, markets are awaiting this week’s PMI flash readings for fresh insight into the country’s economic outlook.
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