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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.
Insights by Ground AI

15 Articles

Lean Right

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.

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  • 57% of the sources lean Right
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Indian Express broke the news in India on Thursday, February 12, 2026.
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