Indian IT shares were headed for their worst week since March 2020 on Friday, losing about $50 billion in market value in a rout sparked by worries about the impact of AI on the sector. ADVERTISEMENTThe launch of a tool by tech startup Anthropic last month triggered a global tech sell-off and intensified concerns that rapid adoption of generative AI could upend India's $283 billion IT services industry. The Nifty IT index fell as much as 5.2% on Friday before paring losses to roughly 1.7% by 1 p.m. IST. Analysts at J.P. Morgan flagged investor concerns that India's IT firms could miss growth targets as AI pushes clients to reallocate spending. Indian IT losses on Friday were led by a 2.4% drop in industry leader Tata Consultancy Services, while Infosys was down 2.2% and HCLTech dropped 1.2%.

Source: The Telegraph February 13, 2026 13:09 UTC