Indian IT Stocks Slide as Nifty IT Index Drops to Four-Month Low
Indian IT stocks tumble amid global tech sell-off
Indian IT stocks remain under pressure as global technology shares slide amid rising concerns over AI-led disruption to established firms.
It’s not looking good at all for the Indian IT stocks traders as we have seen another Indian IT
stocks slump after global tech and software stocks were hammered amid fresh concerns over
disruption that AI start-ups will cause to well-established firms.
On Thursday, February 12, Data shows that the Nifty IT index four-month low has declined
over 10.5% year-to-date (YTD) and over 10% over the last 30 days (at the early trade level).
So far this year, stocks like HCL Technologies, Infosys, Wipro, LTIMIndtree and Tata
Consultancy (TCS), and many others, have been under pressure since the beginning of 2026.
Markets on Wall Street ended with losses on Wednesday as the Dow Jones Industrial Average
ended its three-day winning streak as investors failed to be cheered by stronger-than-forecast
jobs report in January.
“The blue-chip index dipped 66.74 points, or 0.13%, at 50,121.40. The S&P 500 was down less
than a point to trade at 6,941.47. The Nasdaq Composite fell 0.16% to 23,066.47,” reported
CNBC.
Software stocks were in focus on Wall Street Wednesday and again weighed on markets as these
stocks fuelled last week’s sell-off amid fresh concerns over AI disruption fears in markets.
Salesforce fell 4%, ServiceNow dropped 5%, and the iShares Expanded Tech-Software Sector
ETF (IGV) slumped more than 2% taking it closer to 30% below its 52-week high. All of this
has pushed IGV into bear market territory.
Cisco Systems dropped 7% in extended trading after giving investors a dismal forecast for the
current quarter,” reported CNBC.
On Tuesday, shares of Charles Schwab, Morgan Stanley and Raymond James also plunged amid
similar worries over impact that AI start-ups will pose on well-established financial firms.
