Year Low On OpenAI, US Rate Worries – Outlook Business
Published on: May 12, 2026, 3:10 p.m. | Source: Outlook Business
Indian IT stocks tumbled as the Nifty IT index hit a 3-year low, with Persistent, TCS, Infosys and other majors sliding on fears of OpenAI-led AI disruption, weak tech spending and uncertainty over US interest rates and global growth.
