Current Affairs · IT Sector and AI Developments
In early 2026, tech markets witnessed a sharp sell-off termed as 'SaaSpocalypse' following major AI product announcements. Regarding this event, which of the following statements is/are correct? 1. The sell-off led to significant single-day declines across major Indian IT stocks including Infosys and TCS. 2. The Nifty IT index experienced a sharp drop driven by fears of AI-led automation replacing traditional outsourcing workflows. 3. The catalyst for the event was the launch of agentic workflow plug-ins by Anthropic for its Claude platform. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
- 31 and 2 only
- 41, 2 and 3✓
Correct answer
1, 2 and 3
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