Infosys–Anthropic Deal Boosts IT Stocks; Nifty IT Rises 2%

Last week, Indian IT stocks faced selling pressure due to concerns around the AI sector. However, on Tuesday, IT shares bounced back strongly. Stocks like Infosys, TCS, and HCL Technologies traded in gains, helping the Nifty IT index rise by around 2%.

Market experts say the main reason behind this rally is the Infosys–Anthropic partnership. Infosys recently announced a strategic deal with US-based AI company Anthropic. Through this tie-up, both companies plan to build new AI-based enterprise solutions for business needs.

As part of this partnership, Anthropic’s Claude AI models will be integrated with Infosys Topaz AI platform. Using this combination, Infosys will create custom AI agents that can handle tasks step-by-step, not just simple chatbot replies. These AI agents are expected to be useful in sectors like telecom, financial services, manufacturing, and software development.

After the announcement, Infosys shares rose by over 4% during Tuesday’s trading session. TCS and HCL Tech also remained in profit. Other IT stocks like Wipro, Tech Mahindra, Mphasis, and Persistent Systems also gained over 1%.