Indian IT stocks fell by as much as 3% on Tuesday, October 27, 2026, after artificial intelligence developer Anthropic filed for a US initial public offering. The moves coincided with gains in several AI-linked stocks overseas.

Key Takeaways

  • TCS, Infosys, Wipro, HCLTech and Tech Mahindra were among the Indian stocks that fell.
  • Anthropic’s filing showed $16.3 billion in revenue and an $80.7 billion net loss for the first half of 2026.

Indian IT stocks move lower

The five Indian technology companies fell by up to 3% on Tuesday. The source does not specify the individual decline for each stock or establish what caused the moves.

Overseas, Nvidia closed 3% higher. South Korea’s KOSPI rose 5%, while SK Hynix gained more than 8% and Samsung rose 5%. The gains and the Indian declines were observed around the filing, but do not by themselves establish a causal link.

What Anthropic disclosed

Anthropic filed for a US IPO under the ticker ANT and is preparing to market its shares. The filing outlines its ambitions to develop AI systems alongside the costs and challenges involved.

For the first half of 2026, the filing showed $16.3 billion in revenue and an $80.7 billion net loss. The offering remains in preparation; the filing does not mean the shares have begun trading.

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