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Valuations of IT stocks already capture most of AI disruption risk: Chintan Haria

·Economic Times·Impact 3/5 · Notable
MeridStreet AI summary

The Nifty IT index has fallen by 25% in 2026, but according to Chintan Haria, this decline may have already accounted for most of the risk associated with the disruption caused by Artificial Intelligence. This suggests that the market has already factored in the potential impact of AI on the IT sector. As a result, Haria sees selective opportunities in companies that are well-positioned to benefit from emerging trends such as data engineering, cloud migration, legacy modernisation, and AI integration.

Source reporting

Read the source report: Economic Times →

MeridStreet analysis

Why it matters

The Nifty IT index has fallen 25% in 2026, which may have already accounted for the disruption risk from AI. Chintan Haria of ICICI Prudential AMC believes there are selective opportunities in the sector.

Market impact

Impact score
3 / 5
Market signal
Positive / risk-on
Category
Market moves
Model confidence
65%

Markets & countries in focus

India

Transmission channels

AI disruption risk priced in→Nifty IT index falls 25%→Selective opportunities emerge→IT stocks rebound→Investor sentiment improves

Likely winners & losers

Winners

  • IT stocks
  • Selective equities

Under pressure

  • Overvalued tech stocks

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.