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AI fears push Nifty IT to over 9-month low
Business Standard
|February 13, 2026
Gaurav Vasu, founder and chief executive officer of UnearthInsights, said the Indian selloff mirrorstrendsin the US market.
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“Beyond the Anthropic impact, the US is expected to have a new Federal Reserve head. On employment data, expectations were that tech would not add many jobs. Given the layoffs we have been seeing, the employment data is not a surprise for the tech sector,” he said.
Index heavyweights Tata Consultancy Services (TCS), Infosys, Tech Mahindra, Coforge, Oracle Financial Services Software, and LTIMindtree declined between 6 per cent and 7 per cent. Among non-indexstocks, Sonata Software, KPIT Technologies, Birlasoft, Cigniti Technologies, and Zensar Technologies fell 6-8 percent.
Meanwhile, TCS, Wipro, Cyient, and Hexaware Technologies hit their respective 52-week lows. Infosys fell 6 per cent to %1,380.60 in intraday trade and is now 6 per cent away from its 52-week low of %1,307, touched on April 7, 2025.
Denne historien er fra February 13, 2026-utgaven av Business Standard.
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