AI Panic On Wall Street Sends Indian IT Stocks Sliding: NIFTY IT Dips 3.5%, HCL, Infosys, TCS Shares In Red Amid Global AI Sell-Off
Indian IT Stocks Under Pressure in 2026: HCL, Infosys, Wipro, LTIMindtree, TCS Share Price Trading In Red
The five Indian IT giants , HCL Technologies, Infosys, Wipro, LTIMindtree, and Tata Consultancy Services (TCS), entered 2026 on a cautious note as investors pulled back from active trading. These technology companies, once market favourites, are now facing sustained selling pressure amid concerns over global tech market volatility and disruptions driven by artificial intelligence.
The numbers tell the story. The NIFTY IT index has slipped over 10.5% year-to-date and fallen more than 10% in just the past month (as of February 12, early trade). Once an outperformer, the index now finds itself in uncertain territory as traders reassess growth prospects and global demand conditions.
AI Anxiety on Wall Street Spills Over to Dalal Street
The current decline in Indian IT stocks exists as a direct result of worldwide technology disruptions, which are producing a simultaneous effect on the market. The international market experienced a fresh wave of technology and software stock selling because investors started to worry about how artificial intelligence start-ups would affect established companies.
On Wednesday, Wall Street brought further negative news to the market. The Dow Jones Industrial Average ended its three-day winning streak after the January jobs report showed better-than-expected results but failed to boost market performance. The Indian IT stock market displays signs of deep caution because positive news fails to improve investor confidence.
- Dow Jones fell 66.74 points (0.13%) to 50,121.40
- S&P 500 edged down to 6,941.47
- Nasdaq Composite slipped 0.16% to 23,066.47
Software stocks, which had already fuelled last week’s decline over AI-driven disruption fears, came under renewed pressure.
- Salesforce declined 4%
- ServiceNow dropped 5%
- iShares Expanded Tech-Software Sector ETF (IGV) slid over 2%, nearly 30% below its 52-week high
Cisco Systems also tumbled 7% in extended trading after issuing weak quarterly guidance, according to reports.
AI Jitters Rattle Wall Street’s Financial Heavyweights Spreding Over IT Stocks In India
The financial sector on Wall Street experienced a significant decline as artificial intelligence start-ups created unrest among investors controlling the market. The stock prices of Charles Schwab, Morgan Stanley, and Raymond James fell because investors believed that nimble AI start-ups could threaten traditional banking operations.
The catalyst occurred when Altruist, a financial technology company, introduced Hazel, its automated tax-planning system, which demonstrates how automation technology is transforming the financial advisory field. Investors swiftly adjusted their risk assessments, showing that established companies must not become complacent during the ongoing AI revolution. The future of finance demands rapid and intelligent solutions because artificial intelligence operates without delay.
NIFTY IT and Top Stocks: February 12 Early Trade
The NIFTY IT index was trading 3.59% lower at 33,834.05, with all 12 constituents in the red.
Coforge was the top loser, down 4.29%
Infosys, Persistent Systems, and LTIMindtree fell between 4.25% and 3.5%
TCS hit its 52-week low of ₹2,797.30 on the NSE
HCL Technologies traded at ₹1,499.20, down 3.38%
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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