Indian shares were subdued on Wednesday, with IT stocks coming under heavy selling pressure on concerns over artificial intelligence impacting the IT sector's business model.
The benchmark BSE Sensex slipped 190 points, or 0.2 percent, to 83,260 while the broader NSE Nifty index was down 58 points, or 0.2 percent, at 25,667.
Infosys lost 2.4 percent after introducing its AI-first value framework to help enterprises unlock AI value at scale. Peers TCS, Wipro, Tech Mahindra and HCL Technologies were down 1-2 percent.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.