NIFTY Infra

Sensex and Nifty fell, dragged by IT shares amid weak US market cues., Nifty IT index fell 4%, with Tech Mahindra, Infosys, Wipro among top losers., Oil prices rose, adding concerns for India due to inflation and trade deficit.

* Sensex and Nifty fell, dragged by IT shares amid weak US market cues.
* Nifty IT index fell 4%, with Tech Mahindra, Infosys, Wipro among top losers.
* Oil prices rose, adding concerns for India due to inflation and trade deficit.

Sensex and Nifty fell as IT stocks dropped sharply, tracking US market losses and AI disruption concerns. Nifty IT index declined over 4%. Rising crude prices and weak global cues also weighed on sentiment. Technical outlook shows support near 25,700-25,780.

shorts/business/sensex-down-400-pts-nifty-below-25-850-selling-in-it-shares-among-key-factors-behind-market-decline

* Sensex and Nifty fell, dragged by IT shares amid weak US market cues.
* Nifty IT index fell 4%, with Tech Mahindra, Infosys, Wipro among top losers.
* Oil prices rose, adding concerns for India due to inflation and trade deficit.

The benchmark equity indices Sensex and Nifty declined on Thursday, dragged down by heavy selling in IT shares amid weak cues from US markets.

Extending the previous day’s fall, the Sensex dropped 463.53 points or 0.55 percent to 83,770.11, while the broader Nifty quoted at 25,834.05, down 119.80 points or 0.46 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/techmahindra/TM4" target="_blank">Tech Mahindra</a>, Infosys and Wipro were among the major laggards in the Nifty50 pack, declining up to 5 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/bajajfinance/BAF" target="_blank">Bajaj Finance</a> and State Bank of India rose up to 2 percent. Market breadth was negative as about 1468 shares advanced, 2011 shares declined and 175 shares unchanged.
<h3>Key factors behind market decline</h3>
1) Selling in IT shares: Shares of Indian IT firms fell sharply, tracking losses in their Wall Street peers after better-than-expected US jobs data for January lowered expectations of an early rate cut by the US Federal Reserve. Concerns over artificial intelligence-led disruptions also weighed on sentiment.

The <a href="https://www.moneycontrol.com/news/business/markets/infosys-tcs-techm-other-it-stocks-tumble-up-to-5-on-fresh-ai-concerns-after-us-jobs-data-13824774.html" target="_blank">Nifty IT index</a> declined more than 4 percent, emerging as the top sectoral loser.

After losing 12.6 percent in 2025, the index has declined about 11 percent so far in 2026 amid concerns that AI-driven changes could impact earnings of software services companies.

"It’s a mix of knee-jerk reaction and concerns over real threat to IT," Vinit Bolinjkar, Head of Research at Ventura Securities told Reuters. "AI automation targets labour-heavy models at top Indian IT firms, slashing billable hours and headcount," he added.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said tech stocks are unlikely to recover soon following sharp declines in the ADRs of leading Indian IT companies in the US.

"The latest US jobs data indicating addition of 1,30,000 jobs last month and unemployment falling to 4.3 percent points to the possibility of no rate cuts by the Fed in the near term. In India, too, it appears that the rate-cutting cycle is over since growth is good and inflation is expected to inch back to the RBI’s long-term target by the end of FY27," Vijayakumar said.

2) Crude rises: Oil prices edged higher amid concerns over escalating tensions between the US and Iran. Brent crude, the global oil benchmark, rose 0.46 percent to USD 69.72 per barrel. Higher crude prices are seen as negative for India, which is a major importer of oil, as they can widen the trade deficit and add to inflationary pressures.
<h3><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-hints-a-firm-opening-us-markets-flat-asia-rises-liveblog-13824246.html" target="_blank">Stock Market LIVE Updates</a></h3>
3) Weak global cues: In Asia, Hong Kong’s Hang Seng index was trading in the red. US markets had closed lower on Wednesday.
<h3>Technical outlook</h3>
The Nifty continues to hold its uptrend, trading above key moving averages. Immediate resistance is seen near the 26,000 level. A move above this could push the index towards its record high of 26,373. On the downside, the 25,700-25,780 zone is expected to offer support, said Devarsh Vakil, Head of Prime Research, HDFC Securities.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Sensex down 450 pts, Nifty below 25,850: Selling in IT shares among key factors behind market decline

Sensex news today: Sensex down 450 pts, Nifty below 25,850: Selling in IT shares among key factors behind market decline

The benchmark equity indices Sensex and Nifty declined on Thursday, dragged down by heavy selling in IT shares amid weak cues from US markets.

Extending the previous day’s fall, the Sensex dropped 463.53 points or 0.55 percent to 83,770.11, while the broader Nifty quoted at 25,834.05, down 119.80 points or 0.46 percent.

Tech Mahindra, Infosys and Wipro were among the major laggards in the Nifty50 pack, declining up to 5 percent, while Bajaj Finance and State Bank of India rose up to 2 percent. Market breadth was negative as about 1468 shares advanced, 2011 shares declined and 175 shares unchanged.
Key factors behind market decline
1) Selling in IT shares: Shares of Indian IT firms fell sharply, tracking losses in their Wall Street peers after better-than-expected US jobs data for January lowered expectations of an early rate cut by the US Federal Reserve. Concerns over artificial intelligence-led disruptions also weighed on sentiment.

The Nifty IT index declined more than 4 percent, emerging as the top sectoral loser.

After losing 12.6 percent in 2025, the index has declined about 11 percent so far in 2026 amid concerns that AI-driven changes could impact earnings of software services companies.

&quot;It’s a mix of knee-jerk reaction and concerns over real threat to IT,&quot; Vinit Bolinjkar, Head of Research at Ventura Securities told Reuters. &quot;AI automation targets labour-heavy models at top Indian IT firms, slashing billable hours and headcount,&quot; he added.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said tech stocks are unlikely to recover soon following sharp declines in the ADRs of leading Indian IT companies in the US.

&quot;The latest US jobs data indicating addition of 1,30,000 jobs last month and unemployment falling to 4.3 percent points to the possibility of no rate cuts by the Fed in the near term. In India, too, it appears that the rate-cutting cycle is over since growth is good and inflation is expected to inch back to the RBI’s long-term target by the end of FY27,&quot; Vijayakumar said.

2) Crude rises: Oil prices edged higher amid concerns over escalating tensions between the US and Iran. Brent crude, the global oil benchmark, rose 0.46 percent to USD 69.72 per barrel. Higher crude prices are seen as negative for India, which is a major importer of oil, as they can widen the trade deficit and add to inflationary pressures.
Stock Market LIVE Updates
3) Weak global cues: In Asia, Hong Kong’s Hang Seng index was trading in the red. US markets had closed lower on Wednesday.
Technical outlook
The Nifty continues to hold its uptrend, trading above key moving averages. Immediate resistance is seen near the 26,000 level. A move above this could push the index towards its record high of 26,373. On the downside, the 25,700-25,780 zone is expected to offer support, said Devarsh Vakil, Head of Prime Research, HDFC Securities.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Nifty losing momentum at highs, final set of earnings to drive action. IT stocks in focus

Sensex and Nifty likely to open higher after gains in GIFT Nifty, Asian equities rise for fifth day, US markets end mixed, FIIs buy ₹943 crore in equities, DIIs sell over ₹125 crore

* Sensex and Nifty likely to open higher after gains in GIFT Nifty
* Asian equities rise for fifth day, US markets end mixed
* FIIs buy ₹943 crore in equities, DIIs sell over ₹125 crore

Sensex and Nifty are expected to open positively on February 12, following gains in GIFT Nifty. Asian equities rose, US stocks were mixed, oil gained, gold slipped, and FIIs continued buying while DIIs sold equities.

shorts/business/first-tick-top-global-cues-to-watch-in-today-s-trade-96

Indian equity benchmarks Sensex and Nifty are likely to open on positive note on February 12, following gains in GIFT Nifty, which was trading around 25,995.50.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

In a volatile trading session on February 11, Indian benchmark indices ended largely unchanged, as gains in auto, pharma, and PSU Bank stocks offset weakness in IT shares.

At close, the Sensex was down 40.28 points or 0.05 percent at 84,233.64, and the Nifty was up 18.70 points or 0.07 percent at 25,953.85.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,995.50, indicating a firm start opening for the day.

Asian Equities (Rise)

Asian equities advanced for a fifth day, stretching their lead over US peers this year as relatively
cheap valuations and firmer growth prospects lured buyers.



US Equities (Down)

The Nasdaq and the Dow fell slightly on Wednesday, while the S&amp;amp;P 500 made no progress in either direction as a stronger-than-expected employment report eased worries about the economy but also fueled bets that the Federal Reserve could slow its interest-rate cuts.

The Dow Jones Industrial Average fell 66.74 points, or 0.13%, to 50,121.40, the S&amp;amp;P 500 lost 0.34 points to finish at 6,941.47 and the Nasdaq Composite lost 36.01 points, or 0.16%, to 23,066.47.



US Bond Yield (Flat)

The US Treasury 10-year yield up 1  basis points at 4.18%, while 2-year yield down marginally at 3.5%



Dollar Index (Flat)

A resurgent yen, runaway Aussie and steadily rising yuan had the dollar under pressure on Thursday and drifting toward a weekly drop, as investor focus turned to the next batch of U.S. labour and inflation data.



Asian Currencies (Rise)

Most of the Asian currencies were trading higher in the early part of the day.



Crude (Gains)

Oil prices edged up on Thursday morning as investors worried about escalating tensions between the U.S. and Iran.



Gold (Down)

Gold slipped after robust US jobs data reduced expectations the Federal Reserve will move quickly to
cut interest rates.



Fund Flow Action

Foreign Institutional Investors (FIIs) extended their buying streak for the fourth consecutive session on February 11, purchasing equities worth ₹943 crore. Meanwhile, Domestic Institutional Investors (DIIs) turned sellers, offloading equities worth over ₹125 crore.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Tick: Top global cues to watch in today’s trade

Stock Market Live Updates: IT stocks continued to lead the slide, with Infosys, Wipro, TCS and Tech Mahindra falling around 4-5 percent, dragging the Nifty IT index down over 4.5 percent. Broader markets were also under pressure, with the Nifty Midcap 100 and Nifty Smallcap 100 declining about 0.7-0.8 percent.

Stock Market Live Updates: Sensex down 470 pts, Nifty below 25,850; major IT stocks sink 4-5%

Live Blog

Stock Market Live Updates: IT stocks continued to lead the slide, with Infosys, Wipro, TCS and Tech Mahindra falling around 4-5 percent, dragging the Nifty IT index down over 4.5 percent. Broader markets were also under pressure, with the Nifty Midcap 100 and Nifty Smallcap 100 declining about 0.7-0.8 percent.

15–20% market return achievable if earnings momentum sustains and global stability persists in 2026, Earnings upgrades from Q4 FY25 expected to gain traction, particularly in metals, construction, and banking, Robust project pipeline should continue supporting revenue visibility

* 15–20% market return achievable if earnings momentum sustains and global stability persists in 2026
* Earnings upgrades from Q4 FY25 expected to gain traction, particularly in metals, construction, and banking
* Robust project pipeline should continue supporting revenue visibility

shorts/business/daily-voice-markets-could-deliver-15-20-gains-in-2026-says-invasset-s-anirudh-garg

* 15–20% market return achievable if earnings momentum sustains and global stability persists in 2026
* Earnings upgrades from Q4 FY25 expected to gain traction, particularly in metals, construction, and banking
* Robust project pipeline should continue supporting revenue visibility

"A 15–20 percent market return is achievable if earnings momentum sustains and global stability persists in 2026," said Anirudh Garg, the Partner and Fund Manager at INVasset PMS in an interview to Moneycontrol.

Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure, he advised.

According to him, earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. "These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility," he said.

With the easing of trade deal concerns, do you think this could be a strong year for equity markets, with a possible return of 15–20 percent in the current calendar year?

With easing global trade tensions and improved geopolitical clarity, Indian equities are positioned well for the year. Greater policy visibility with key partners like the US and EU supports export-oriented sectors such as manufacturing. Domestically, strong consumption, rising urbanization, and a young demographic continue to anchor growth. The government’s sustained focus on infrastructure, technology, and renewable energy adds structural support to earnings visibility.

This blend of domestic resilience and policy-backed expansion creates a constructive backdrop for equities. However, valuations in select pockets remain elevated. Returns may not be uniform across the board.

A 15–20 percent return is achievable if earnings momentum sustains and global stability persists. Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure. A disciplined, sector-focused strategy will be critical in navigating the broader market.

Are you seeing a positive movement in the economic, credit, and business cycles?

India’s economic cycle remains on a positive trajectory, supported by steady GDP growth, strong domestic consumption, and continued infrastructure spending. Government initiatives such as the National Infrastructure Pipeline and digitization efforts provide long-term structural momentum. Supportive RBI policy and improved liquidity have strengthened credit availability, benefiting both retail and corporate segments.

Banks and NBFCs are well-positioned amid sustained loan demand, while asset quality remains stable with controlled NPAs. Manufacturing and services sectors continue to show resilience, particularly in construction, automotive, and technology services.

That said, global uncertainties—especially in exports and IT—could pose intermittent challenges due to geopolitical tensions and slowing demand in advanced economies. Despite these external risks, the domestic credit environment is stable and systemic risks remain limited. Overall, the economic, credit, and business cycles appear aligned positively, offering a supportive backdrop for equities in the near to medium term.

Do you expect a strong pickup in earnings upgrades from Q4 onwards, especially after analysing the December quarter earnings?

Earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility.

Cyclical sectors such as automobiles and cement are also witnessing improving demand. Rural recovery and infrastructure-led housing activity are likely to drive cement volumes, while passenger vehicles and two-wheelers could benefit from steady domestic consumption.

Technology and digital services should see stable growth, though upgrades may be more measured due to global competition and regulatory pressures. It is important to note that earnings momentum will remain sector-specific. While domestic-facing sectors could outperform, export-linked industries may face volatility from global headwinds and commodity fluctuations. Investors should therefore adopt a selective approach, focusing on sectors aligned with domestic recovery and policy support.

Are you now confident that FY27 earnings growth could be above 15 percent?

The outlook for FY27 earnings growth remains constructive, supported by India’s demographic advantage and expanding middle class. Rising technology adoption, digital penetration, and increasing consumption provide structural tailwinds across sectors. Continued foreign investments in manufacturing, renewable energy, and digital infrastructure further strengthen the long-term growth trajectory.

Sectors aligned with India’s structural transformation—such as clean energy, industrials, and digital services—are likely to lead earnings growth. Government focus on infrastructure, manufacturing incentives, and financial inclusion reforms also adds durability to earnings expansion.

While earnings growth above 15 percent appears achievable, it may not be broad-based. Sector-specific dynamics will play a key role. Banking and financial services could benefit from credit growth and reforms, though performance may vary across segments. Overall, the medium-term earnings outlook remains healthy, driven by structural reforms and domestic demand strength.

Do you expect the small-cap space to significantly outperform going forward?

Small-cap stocks could outperform in the near term, particularly if liquidity conditions remain supportive and economic momentum sustains. Historically, small caps tend to perform well during recovery phases when risk appetite improves.

However, the segment remains inherently volatile and more sensitive to shifts in sentiment or global uncertainty. Any resurgence in external risks could disproportionately impact smaller companies. Therefore, performance within the space is likely to be selective rather than broad-based.

Investors should focus on fundamentally strong small-cap companies with sound balance sheets, credible management, and visible earnings growth. Sectors with clear demand drivers and policy support may offer better opportunities. While the small-cap space holds potential for superior returns, disciplined stock selection and risk management will remain essential.

Do you see a positive outlook for metals and cement in the coming quarters?

The outlook for metals and cement remains positive, largely supported by strong infrastructure spending and housing demand. Cement companies are benefiting from steady rural and urban demand alongside government-backed construction projects, ensuring volume visibility.

In metals, domestic demand remains resilient, supported by infrastructure development and manufacturing growth. India’s integration into global supply chains and the global shift toward sustainable manufacturing are likely to sustain demand for metals such as copper, steel, and aluminum.

That said, the sector may witness periodic volatility due to global commodity price movements and geopolitical developments. Despite this, the domestic demand narrative remains strong. Overall, both metals and cement are well-positioned to benefit from continued capex and structural growth drivers in the coming quarters.

Is the IT sector likely to remain range-bound and may not drive Nifty’s upward move?

The Indian IT sector is likely to witness moderate growth in FY26, with earnings stabilizing after a period of strong expansion. While long-term digital transformation trends remain intact, near-term headwinds include global demand moderation, regulatory scrutiny, and competitive pressures.

Additionally, the rapid advancement of AI may disrupt traditional service-based models, particularly for companies heavily reliant on outsourcing. Compared to global peers, Indian IT firms have historically invested less in product innovation and R&amp;D, which may limit near-term upside.

Given these dynamics, the sector may remain range-bound and may not be the primary driver of Nifty’s gains. Broader participation from banking, metals, and infrastructure could play a larger role in index performance. IT will remain structurally relevant, but its leadership may depend on innovation and adaptation to evolving technology trends.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice: Markets could deliver 15–20% gains in 2026, says INVasset's Anirudh Garg

The Indian IT sector is likely to witness moderate growth in FY26, with earnings stabilizing after a period of strong expansion, said Anirudh Garg.

&quot;A 15–20 percent market return is achievable if earnings momentum sustains and global stability persists in 2026,&quot; said Anirudh Garg, the Partner and Fund Manager at INVasset PMS in an interview to Moneycontrol.

Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure, he advised.

According to him, earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. &quot;These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility,&quot; he said.

With the easing of trade deal concerns, do you think this could be a strong year for equity markets, with a possible return of 15–20 percent in the current calendar year?

With easing global trade tensions and improved geopolitical clarity, Indian equities are positioned well for the year. Greater policy visibility with key partners like the US and EU supports export-oriented sectors such as manufacturing. Domestically, strong consumption, rising urbanization, and a young demographic continue to anchor growth. The government’s sustained focus on infrastructure, technology, and renewable energy adds structural support to earnings visibility.

This blend of domestic resilience and policy-backed expansion creates a constructive backdrop for equities. However, valuations in select pockets remain elevated. Returns may not be uniform across the board.

A 15–20 percent return is achievable if earnings momentum sustains and global stability persists. Investors should stay selective, focusing on quality businesses with strong balance sheets and earnings visibility, particularly in banking, metals, and infrastructure. A disciplined, sector-focused strategy will be critical in navigating the broader market.

Are you seeing a positive movement in the economic, credit, and business cycles?

India’s economic cycle remains on a positive trajectory, supported by steady GDP growth, strong domestic consumption, and continued infrastructure spending. Government initiatives such as the National Infrastructure Pipeline and digitization efforts provide long-term structural momentum. Supportive RBI policy and improved liquidity have strengthened credit availability, benefiting both retail and corporate segments.

Banks and NBFCs are well-positioned amid sustained loan demand, while asset quality remains stable with controlled NPAs. Manufacturing and services sectors continue to show resilience, particularly in construction, automotive, and technology services.

That said, global uncertainties—especially in exports and IT—could pose intermittent challenges due to geopolitical tensions and slowing demand in advanced economies. Despite these external risks, the domestic credit environment is stable and systemic risks remain limited. Overall, the economic, credit, and business cycles appear aligned positively, offering a supportive backdrop for equities in the near to medium term.

Do you expect a strong pickup in earnings upgrades from Q4 onwards, especially after analysing the December quarter earnings?

Earnings upgrades from Q4 FY25 are expected to gain traction, particularly in metals, construction, and banking. These sectors are benefiting directly from government-led capex and strong domestic infrastructure demand. A robust project pipeline should continue supporting revenue visibility.

Cyclical sectors such as automobiles and cement are also witnessing improving demand. Rural recovery and infrastructure-led housing activity are likely to drive cement volumes, while passenger vehicles and two-wheelers could benefit from steady domestic consumption.

Technology and digital services should see stable growth, though upgrades may be more measured due to global competition and regulatory pressures. It is important to note that earnings momentum will remain sector-specific. While domestic-facing sectors could outperform, export-linked industries may face volatility from global headwinds and commodity fluctuations. Investors should therefore adopt a selective approach, focusing on sectors aligned with domestic recovery and policy support.

Are you now confident that FY27 earnings growth could be above 15 percent?

The outlook for FY27 earnings growth remains constructive, supported by India’s demographic advantage and expanding middle class. Rising technology adoption, digital penetration, and increasing consumption provide structural tailwinds across sectors. Continued foreign investments in manufacturing, renewable energy, and digital infrastructure further strengthen the long-term growth trajectory.

Sectors aligned with India’s structural transformation—such as clean energy, industrials, and digital services—are likely to lead earnings growth. Government focus on infrastructure, manufacturing incentives, and financial inclusion reforms also adds durability to earnings expansion.

While earnings growth above 15 percent appears achievable, it may not be broad-based. Sector-specific dynamics will play a key role. Banking and financial services could benefit from credit growth and reforms, though performance may vary across segments. Overall, the medium-term earnings outlook remains healthy, driven by structural reforms and domestic demand strength.

Do you expect the small-cap space to significantly outperform going forward?

Small-cap stocks could outperform in the near term, particularly if liquidity conditions remain supportive and economic momentum sustains. Historically, small caps tend to perform well during recovery phases when risk appetite improves.

However, the segment remains inherently volatile and more sensitive to shifts in sentiment or global uncertainty. Any resurgence in external risks could disproportionately impact smaller companies. Therefore, performance within the space is likely to be selective rather than broad-based.

Investors should focus on fundamentally strong small-cap companies with sound balance sheets, credible management, and visible earnings growth. Sectors with clear demand drivers and policy support may offer better opportunities. While the small-cap space holds potential for superior returns, disciplined stock selection and risk management will remain essential.

Do you see a positive outlook for metals and cement in the coming quarters?

The outlook for metals and cement remains positive, largely supported by strong infrastructure spending and housing demand. Cement companies are benefiting from steady rural and urban demand alongside government-backed construction projects, ensuring volume visibility.

In metals, domestic demand remains resilient, supported by infrastructure development and manufacturing growth. India’s integration into global supply chains and the global shift toward sustainable manufacturing are likely to sustain demand for metals such as copper, steel, and aluminum.

That said, the sector may witness periodic volatility due to global commodity price movements and geopolitical developments. Despite this, the domestic demand narrative remains strong. Overall, both metals and cement are well-positioned to benefit from continued capex and structural growth drivers in the coming quarters.

Is the IT sector likely to remain range-bound and may not drive Nifty’s upward move?

The Indian IT sector is likely to witness moderate growth in FY26, with earnings stabilizing after a period of strong expansion. While long-term digital transformation trends remain intact, near-term headwinds include global demand moderation, regulatory scrutiny, and competitive pressures.

Additionally, the rapid advancement of AI may disrupt traditional service-based models, particularly for companies heavily reliant on outsourcing. Compared to global peers, Indian IT firms have historically invested less in product innovation and R&amp;amp;D, which may limit near-term upside.

Given these dynamics, the sector may remain range-bound and may not be the primary driver of Nifty’s gains. Broader participation from banking, metals, and infrastructure could play a larger role in index performance. IT will remain structurally relevant, but its leadership may depend on innovation and adaptation to evolving technology trends.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

9 out of 16 years NIFTY INFRA has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	9,708.20	9,734.30	9,778.05	9,664.45	9,638.35	9,594.60	9,568.50
Fibonacci	9,691.13	9,707.62	9,734.30	9,664.45	9,637.77	9,621.28	9,594.60
Camarilla	9,688.50	9,694.91	9,701.31	9,664.45	9,675.70	9,669.29	9,662.89

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