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flag Indian IT stocks plunged on Feb. 12, 2026, amid AI fears and weak U.S. jobs data, triggering a broad market decline.

flag Indian IT stocks fell sharply on February 12, 2026, with the Nifty IT index dropping over 4% to a four-month low, driven by fears that AI tools like Anthropic’s Claude Cowork are automating core services such as legal reviews and data analysis, threatening traditional revenue models. flag The broader market declined as well, with the Nifty 50 and BSE Sensex each falling around 0.4%. flag Concerns were fueled by stronger-than-expected U.S. jobs data, reducing hopes for an imminent Federal Reserve rate cut, and a 5.2% drop in IT ADRs overnight. flag The sector has lost 11.4% in early 2026 and 12.6% in 2025, with major firms including TCS, Infosys, and Wipro leading the sell-off.

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