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Indian Markets Face Weakness Amid IT Selloff
5.1
Indian equity markets opened the week weak on February 16, 2026, with Gift Nifty at 25,500 versus Friday's 25,471 amid heavy IT selling. The Nifty IT index has fallen nearly 15% over the past month, mutual funds sold over ₹4,000 crore in February and FIIs turned cautious, while Motilal reported Q3 marked four consecutive quarters of double-digit earnings growth.
Key Points
- 1Nifty IT index falls nearly 15% last month; some constituent stocks plunged over 50%.
- 2Analysts cite AI-driven disruption and trade-related shifts as overhangs undermining IT sector confidence.
- 3Fund flows turn mixed: FIIs cautious, mutual funds net-sold ₹4,000 crore, increasing short-term volatility.
Scoring Rationale
Timely market update with named analyst commentary; limited novelty and sector-specific scope reduce broader impact.
Sources
Public references used for this report.
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