The rout in Information Technology (IT) stocks deepened on Friday amid fears of AI-driven disruption with major firms’ shares slumping over 5% intraday. A buyback at lower levels offered some relief, but the Nifty IT index still fell 1.50%. Continuous selling in IT stocks, coupled with muted global cues, dented overall market sentiment, dragging the BSE Sensex and NSE Nifty down about 1.3% each. Investors are estimated to have lost more than Rs 7 lakh crore in Friday as the overall market capitalisation of BSE-listed firms dropped to nearly ₹465.37 lakh crore from ₹472.50 lakh crore in the previous session. Fading hopes for Federal Reserve rate cuts and a stronger dollar index and rising US 10-year bond yields further weighed on sentiment.

Source: Indian Express February 13, 2026 11:54 UTC