The Nifty IT index experienced a 2.8% decline on Friday, reaching an intra-day low of 30,721.4, while the Nifty50 index rose by 0.87% to 23,982.45. Major IT stocks, including Tata Consultancy Services (TCS) and Infosys, faced significant pressure, with TCS shares dropping 3.2% to ₹2,505 after reporting its January-March quarter results. Concerns surrounding Anthropic's new artificial intelligence model, Mythos, which could disrupt aspects of the IT services value chain, particularly in cybersecurity, have led to investor anxiety. Although the report from Motilal Oswal Financial Services indicated that the immediate impact on the IT sector may be limited, the pressure to adapt to new AI advancements is expected to increase. Additionally, the Indian rupee appreciated by 10 paise to 92.41 against the US dollar, which typically reduces the earnings of Indian IT companies from international operations. Analysts remain divided on TCS's growth outlook, with some highlighting deal wins and AI traction as positives, while others warn of potential underperformance in FY26.