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IT Shares Bleed: Shares of Indian IT companies tumbled on February 12, mirroring weakness in Wall Street, as investors remained cautious over AI-led disruptions despite a stronger-than-expected US jobs report for January. The positive US employment data failed to lift sentiment, leaving the sector under pressure.
The Nifty IT index fell over 4% to 33,588.80 at 9:40 am, making it the top-performing sectoral loser in early trading. Analysts said concerns around automation, AI adoption, and potential margin pressure continue to weigh on investor confidence in the IT space.
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Among individual stocks, Coforge and Infosys dropped around 5% each, with Infosys hitting its lowest level since April 17, 2025. TCS, Tech Mahindra, Mphasis, LTI Mindtree, and Persistent Systems declined over 4% each, while HCL Technologies and Wipro fell more than 3%.
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February 12, 2026, 10:13 IST
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