Indian shares open lower as IT rout deepens

People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas · Reuters

Reuters

Fri, 13 February 2026 at 1:05 pm GMT+9 1 min read

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Feb 13 (Reuters) - Indian shares opened lower on Friday, tracking a drop ‌in Wall Street and Asian equities, ‌with information technology shares tumbling as much as 5%, ​extending their losses on concerns of artificial intelligence-led disruption in the sector.

The Nifty 50 fell 0.86% to 25,582, while the BSE ‌Sensex shed ⁠0.88% to 82,942.58, as of 9:17 a.m. IST.

All 16 major sectors ⁠declined at the open.

The IT index fell for its third straight session, on intensifying ​fears of ​AI-driven automation disrupting ​Indian IT’s labour-intensive ‌business model. It declined 5.5% on Thursday.

Other Asian markets also fell 0.9%, tracking a drop in Wall Street equities overnight, led by technology stocks.

The tech-heavy Nasdaq Composite index ‌fell more than 2% ​on Thursday ahead of ​U.S. inflation ​data, due later on Friday, ‌which could influence the future ​path of ​rates.

Stronger-than-expected U.S. jobs data in January has dented expectations of a near-term ​rate cut.

(Reporting ‌by Bharath Rajeswaran and Vivek Kumar ​M in Bengaluru; Editing by Rashmi ​Aich and Janane Venkatraman)

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