Indian Indices Marginally Up, IT Stocks Down on AI Concerns
Analysis based on 14 articles · First reported Feb 04, 2026 · Last updated Feb 13, 2026
Indian benchmark indices, BSE SENSEX and NIFTY 50, ended marginally higher despite a significant decline in IT stocks like Infosys, Tata Consultancy Services, HCLTech, and Tech Mahindra. This decline was driven by concerns that AI advancements, exemplified by Anthropic's new tool, could disrupt traditional software business models. Meanwhile, a trade deal framework between India and the United States to reduce tariffs on Indian goods provided some positive sentiment.
On Wednesday, Indian benchmark indices BSE SENSEX and NIFTY 50 closed marginally higher, with the BSE SENSEX up 0.09% and NIFTY 50 up 0.19%. This modest gain occurred despite a sharp decline in IT blue-chip stocks, including Infosys, Tata Consultancy Services, HCLTech, and Tech Mahindra, which fell by as much as 7%. The negative sentiment in the IT sector was attributed to concerns that rapid advancements in AI, specifically after Anthropic unveiled a new workflow automation tool, could disrupt traditional software business models and impact industry-wide profitability. In contrast, Oil & Gas, consumer durables, metal, and automobile stocks recorded strong gains. Additionally, India and the United States agreed on a framework for a trade deal that will reduce tariffs on Indian goods from 50% to 18%, effective August 27, 2025. Global markets showed mixed performance, with US markets ending lower on Tuesday and Asian markets mixed.
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