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Indian IT stocks plunged on Feb. 12, 2026, amid AI fears and weak U.S. jobs data, triggering a broad market decline.
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.
The broader market declined as well, with the Nifty 50 and BSE Sensex each falling around 0.4%.
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.
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.
Las acciones de TI de la India se desplomaron el 12 de febrero de 2026, en medio de los temores de la IA y los débiles datos de empleos en los Estados Unidos, lo que provocó una amplia caída del mercado.