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Mkt falls as IT stocks crash over AI disruption fears
The Morning Standard
|February 13, 2026
Fall stems from progress in Al plugins by Google-backed Anthropic
DOMESTIC equity market fell sharply on Thursday amid crash in IT stocks over AI disruption fears and fading hopes for a US Fed rate cut, fueled by strong US jobs data and low unemployment.
At the close, the Sensex declined 558.72 points, or 0.66%, to 83,674.92, while the Nifty fell 146.65 points, or 0.57%, to 25,807.20. Broader markets weakened, with the Nifty Midcap and Smallcap indices slipping 0.5% and 0.64%, respectively. The IT index fell 5.5%, with heavyweights such as Tech Mahindra, TCS and Infosys falling over 5% each. Coforge and Oracle Financial Services fell over 6% each. Top IT firms are estimated to have lost ₹1.3 lakh crore in market capitalisation on Thursday due to the selloff.
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