Current Affairs · Indian IT Sector & AI Disruption
Consider the following statements regarding the market event described as the 'SaaSpocalypse' affecting the Indian IT sector: 1. The Nifty IT Index recorded its sharpest-ever single-day absolute fall by plunging 2,286 points (5.87%), erasing ₹1.91 lakh crore from the market capitalisation of the top 10 Indian IT firms. 2. The sell-off was triggered by Anthropic's announcement of a new generative AI tool, shifting the narrative from AI assisting IT companies to AI potentially replacing them. 3. The negative investor sentiment driving this crash was primarily attributed to concerns over a cyclical slowdown rather than a structural disruption. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 41, 2, and 3
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1 and 2 only
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