Nifty IT falls 1.5% as AI trade rebounds on Anthropic's IPO filing
Nifty IT slid 1.5% as Anthropic's IPO filing revived appetite for AI and chip stocks. Infosys and TCS led the sector's losses.
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what happened
According to TradingView, the Nifty IT index fell 1.5% on October 27. Anthropic PBC's initial public offering filing lifted sentiment around AI and pushed chip stocks higher in South Korea and Japan. Infosys dropped 1.58%, erasing the previous session's 1.1% gain. The country's second-largest software services firm by revenue cut its revenue growth guidance for fiscal 2027 after reporting higher-than-expected September-quarter revenue.
Samsung Electronics and SK Hynix each gained more than 4%, and South Korea's Kospi rose as much as 4.9%. Japan's Nikkei 225 climbed as much as 2.4%, with Advantest up more than 9%. Vantage Global Prime analyst Hebe Chen said capital is moving back into chip stocks.
why it matters
Anthropic's prospectus eases some concerns about funding the AI buildout, detailing its product sales and chip spending. Investors will watch results from Samsung, SK Hynix, Amazon and Alphabet for signs of how durable the AI rally is. The Kospi remains more than 35% below its June peak.
market impact
Indian IT and Asian chips: AI sentiment shifts money from defensive stocks back into semiconductors
instruments
sources
- Nifty IT falls 1.5% as AI trade bounces back on Anthropic IPO filing; TCS, Infosys lead losses — TradingView, 27 October 2026 at 06:08 UTC
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