Indian IT exporter Infosys up after collaboration with AI firm Anthropic

Shares of Infosys INFY.NS up 2.9% to 1,405 rupees after four sessions of losses

Indian software exporter says will collaborate with tech firm Anthropic to develop enterprise AI solutions to companies across telecommunications, financial services, manufacturing, and software development

INFY top gainer on blue-chip Nifty 50 .NSEI index, which is flat

Stock also top gainer among IT stocks .NIFTYIT, up 2.1%

INFY, IT stocks have been under pressure for most of February on worries of an AI-led disruption following the launch of a plugin for Anthropic's AI agent that automates tasks

Brokerages have said such fears are overdone; IT firms to evolve as technologies change, rather than become obsolete

Analysts tracking INFY rate it "buy" on average, same as 5 other stocks on 10-member Nifty IT index - data compiled by LSEG

INFY trims monthly losses to 14% vs Nifty IT's 12%