Indian IT Stocks Extend Market Decline

Indian IT shares fell on Feb. 20, 2026, with the domestic IT index down about 1.5% to 31,804.75 from 32,319.40. Declines followed weak cues from US tech earnings and EPAM Systems' Q4 results and guidance, while heavyweight names like Wipro hit 52-week lows. Analysts cited global demand uncertainty and AI-driven profitability concerns, leaving near-term sector sentiment fragile.