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
In this article:
^IXIC
-2.03%
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)
Indian shares open lower as IT rout deepens
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
In this article:
^IXIC
-2.03%
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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