Markets

Nifty IT index tanks 10% in 2 days; TCS, Infy, Wipro slump to 52-week lows

February 13, 2026

The Nifty IT index has experienced a significant decline of 12% over three days, primarily driven by concerns over AI-driven disruptions and weak global market cues. Major Indian IT firms such as Infosys, TCS, and Wipro have seen their shares drop sharply, with some hitting 52-week lows as the sell-off in technology stocks continues.

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Credit: Business-Standard

Key Highlights

Nifty IT index fell 12% in three days, down 10% in two days alone.
Infosys, TCS, and Wipro saw share drops of up to 8% amid fears of AI disruption.
The decline is attributed to poor performance in the Nasdaq and fading hopes for US interest rate cuts.
Infosys shares dropped 7.5%, TCS fell 6%, and HCL Technologies decreased by 5.5%.
Market sentiment has turned risk-off, impacting Indian IT stocks significantly.

Markets Business

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Nifty IT index tanks 10% in 2 days; TCS, Infy, Wipro slump to 52-week lows

Key Highlights

Sources

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