India's IT Stocks Plunge, Shares End Higher Amid AI Disruption Fears

[Para 1: The Lead] Indian stock markets ended a choppy session slightly higher on Wednesday, February 04, 2026, as investors grappled with fears of AI-led disruption in the IT sector. The broader Nifty 50 index closed 0.3% higher at 18,250 points. However, IT stocks, a key driver of the market, experienced significant sell-offs, reflecting concerns over potential job displacement and reduced demand for traditional IT services. [Para 2-3: Supporting details & Context] The plunge in IT stocks, including TCS (TCS.NS), Infosys (INFY.NS), and Wipro (WIPR.NS), was driven by reports of AI advancements that could automate complex tasks currently handled by human IT professionals. Analysts noted that while AI promises efficiency gains, it also poses a threat to employment and could shift market dynamics in favor of tech giants with advanced AI capabilities. The market's reaction highlights the ongoing debate over the impact of AI on the labor market and corporate profitability.