Indian IT stocks slide over 4% to four-month low
ReutersFeb 12, 2026 4:28 AM
Feb 12 (Reuters) - Shares of Indian software exporters slid more than 4% on Thursday, hit by persistent fears of AI-led disruption in the sector and compounded by stronger-than-expected U.S. jobs data that dimmed hopes of near-term interest rate cuts.
The Nifty IT .NIFTYIT index fell to a four-month low early on Thursday, with industry leaders Tata Consultancy Services TCS.NS, Infosys INFY.NS and HCLTech HCLT.NS trading down between 4% and 5%.
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