Indian IT sector stocks experienced a sharp decline on February 12, 2026, in early trading, with the S&P BSE IT index dropping 3.51% to 32,727.86. This followed overnight weakness in the American Depository Receipts (ADRs) of major Indian IT companies on Wall Street, where some fell by as much as 5.2%.
Key Stock Declines (as of 9:30 AM IST)
- Infosys: BSE ₹1,412.35 (-4.08%), NSE ₹1,471.90 (-1.73%)
- TCS: BSE ₹2,811.10 (-3.38%), NSE ₹2,909.80 (-2.51%)
- HCL Technologies: BSE ₹1,505.50 (-2.95%), NSE ₹1,551.60 (-1.37%)
- Tech Mahindra: BSE ₹1,586.15 (-2.94%), NSE ₹1,634.40 (-0.62%)
- Wipro: BSE ₹222.90 (-2.98%), NSE ₹229.81 (-0.72%)
- Mphasis: BSE ₹2,500.05 (-3.33%), NSE ₹2,588.20 (-0.99%)
- Info Edge: BSE ₹1,137.00 (-3.06%), NSE ₹1,171.70 (-1.89%)
- Oracle Financial: BSE ₹7,030.10 (-2.63%), NSE ₹7,217.50 (-1.70%)
Global IT Stocks Impact
The weakness was not limited to Indian firms:
- Infosys ADR fell around 5%
- Wipro declined around 4.4%
- Other global names like Globant (-7.5%), EPAM (-7%), Accenture (-4.3%), and Cognizant (-4.9%) also saw losses.
This broad decline points to sector-wide concerns over US economic signals and potential slowdowns in discretionary IT spending, rather than issues specific to individual companies.
This decline extends a period of pressure on Indian IT stocks in 2026, with the Nifty IT index down over 10% year-to-date and in the past 30 days as of early February 12 trading.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.