Indian IT Stocks Plunge On AI Concerns

On February 12, 2026, Indian IT stocks tumbled as the Nifty IT index fell 4.8% to 33,408.15 in Bengaluru, with leaders including TCS, Wipro, Infosys and Coforge trading lower and some hitting 52-week lows (TCS ₹2,766; Wipro ₹218.50). The sell-off reflects investor fears that AI-led automation may pressure billing rates and margins, prompting analysts to expect continued volatility and a cautious sell-on-rise strategy.