Layoffs, AI, restructuring: Is the downside over for Indian IT stocks?
The Nifty IT Index dropped 4.62%, with Coforge among the top losers falling 5.09%, as global tech sell-off also weighed on the broader Nifty 50 index.
- On Thursday, February 12, 2026, Mumbai shares of Infosys, TCS, and Wipro fell up to 5% amid a global tech sell-off.
- Global technology stock sell-off pressured Indian IT companies, causing the Nifty IT Index to drop 4.62% during Thursday's session, making it the top sectoral loser.
- Among individual stocks, Coforge fell 5.09 and traded at Rs 1,443, down from Rs 1,520.40, with other major IT stocks declining.
- As a result, the weakness dragged the Nifty 50 to 25,849.50, down by 104.35 points or 0.40% at the time of writing.
- Intraday data showed NIFTY IT fluctuated between 35,095.15 and 33,471.55, with early-session falls in multiple blue-chip IT names highlighting broad selling across the sector.
15 Articles
15 Articles
Sensex tumbles 558 points on sell-off in IT shares over AI disruptions
Mumbai: Benchmark BSE Sensex fell 558 points on Thursday, February 12, amid heavy selling in IT shares, as concerns over AI-led disruptions and waning hopes of a Fed rate cut after firm US economic data weighed on investor sentiment. The 30-share BSE Sensex declined 558.72 points, or 0.66 per cent, to settle at 83,674.92. During the day, it tanked 716.97 points, or 0.85 per cent, to hit an intraday low of 83,516.67. The 50-share NSE Nifty declin…
Shares of IT companies have fallen sharply, driven by heavy selling following the launch of AI software. These stocks are struggling globally. Their market cap fell by ₹1 lakh crore today.
Infosys, TCS, Wipro, Tech Mahindra among other IT stocks that fell up to 5% today - Here's why
Shares of information technology (IT) companies like Infosys, TCS and Wipro fell up to 5 per cent in the early trading session on Thursday, February 12, 2026, amid a sell-off in global technology stocks. Most stocks were under pressure, with the Nifty IT Index dropping 4.62 per cent today, making it the top sectoral loser. The weakness also dragged the Nifty 50, with the benchmark trading at 25,849.50, down by 104.35 or 0.40 per cent, at the tim…
Rs 1.3 lakh crore shock! Why TCS, Infosys, other IT stocks fell up to 5%
Indias IT sector plunged on Thursday as the Nifty IT index fell over 4%, erasing Rs 1.3 lakh crore in market value amid AI-driven disruption fears. TCS, Infosys and Wipro hit fresh lows as Anthropics new automation tools triggered panic selling, widening concerns over shrinking moats, pricing pressure and weakening global demand.
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