Taking Stock: Further IT sell-off drags market; Nifty at 25,800, Sensex down 559 pts

Market Today

• Indian markets ended lower as IT stocks fell to a 10-month low
• IT index fell 5 percent; Infosys, TCS, Wipro among major losers
• Over 130 stocks hit 52-week highs, while 100+ stocks touched 52-week lows

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Amid fresh concerns over the impact of artificial intelligence on IT stocks, Indian equity markets ended lower on February 12, with the Nifty falling at 25,750 mark and snapping a four-day winning streak.

After witnessing a 7 percent decline in the previous week, IT stocks remained under pressure, falling another 6 percent so far this week and dragging the Nifty IT index to a 10-month low.

At close, the Sensex was down 558.72 points or 0.66 percent at 83,674.92, and the Nifty was down 146.65 points or 0.57 percent at 25,807.20.

Broader indices performed in line with the benchmarks, with the Nifty Midcap and Nifty Smallcap indices declining 0.5 percent each.

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Bajaj Finance, Shriram Finance, Eicher Motors, ICICI Bank, Trent were among major gainers on the Nifty, while losers were Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro.

Among sectors, except Consumer Durables (up 0.4%), all other indices ended in the red with IT index sheds 5% and oil & gas, media, realty down 1% each.

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Index	Prices	Change	Change%
Sensex	76,034.42	-829.29	-1.08%
Nifty 50	23,639.15	0.00	+0.00%
Nifty Bank	55,100.95	0.00	+0.00%

Nifty 50 23,639.15 0.00 (0.00%)

Fri, Mar 13, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Coal India	470.10	23.35	+5.23%

Biggest Loser	Prices	Change	Change%
M&M	3,031.20	-137.00	-4.32%

Best Sector	Prices	Change	Change%
Nifty Energy	36834.35	695.85	+1.93%

Worst Sector	Prices	Change	Change%
Nifty Auto	25098.00	-828.00	-3.19%

In stock specific actions, Lenskart Solutions share price rose 13% as Q3 profit rises 71-fold, LG Electronics India shares declined 3% amid weak Q3 earnings, Neogen Chemicals share price slipped 1% as profit down 63%, Kernex Microsystems India share price down 4% despite order win worth Rs 411.17 crore, Amara Raja Energy shares fell 5% after profit down 53%, Garware Technical Fibres shares added 2% on better Q3 earnings, Hikal share price rose 10% despite posting losses in Q3.

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More than 130 stocks touched their 52-week highs, including Kirloskar Oil, Shriram Finance, Eicher Motors, Voltas, Max Financial, Indus Towers, Jindal Steel, SBI, APL Apollo, L&T, Astral, ONGC, Bajaj Auto, Hitachi Energy, SAIL, JSW Steel, NTPC, 3M India, among others. Click to View More

More than 100 stocks touched their 52-week low, including Sonata Software, KPIT Technologies, Oracle Financial Services, Hexaware Technologies, TCS, Poly Medicure, Newgen Software, Mastek, Wipro, Cyient, Firstsource Solutions, IGL, Happiest Minds, Clean Science, Abbott India, among others. Click to View More

Outlook for February 13

Rupak De, Senior Technical Analyst at LKP Securities

The index, following a weak opening, remained under selling pressure. However, the selling momentum was not strong, resulting in a largely lackluster session. The index traded within the 25,750–25,850 range throughout the day.

Despite the correction, it managed to close above the 20DMA, keeping the possibility of a recovery intact. On the upside, resistance continues to be placed at 26,000. On the downside, support is seen in the 25,750/25,500.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

The domestic equity market witnessed a weak start on Thursday, with the Nifty opening sharply lower amid a broad sell-off in IT stocks. Persistent concerns over the potential impact of fast-growing AI start ups on traditional IT service companies triggered heavy pressure across the IT stocks. As a result, the Nifty IT index slumped 5.51%, dragging the benchmark indices lower through the session.

Despite the initial gap down move, the Nifty managed to stabilise somewhat but eventually closed near the 25800 mark, down 0.57%, forming a bearish candle with a minor lower shadow on the daily chart. The candle pattern reflects intraday attempts at recovery, although overall sentiment remained cautious.

From a technical standpoint, the benchmark index is still holding above its key moving averages, suggesting that the broader uptrend structure remains intact. However, momentum indicators point towards sideways consolidation in the near term, indicating a potential pause before the next directional move.

Going ahead, for Nifty, the 50-day EMA zone of 25700-25670 will act as important support for the index. On the upside, the zone of 25900-25940 will act as an immediate hurdle for the index. Any sustainable move above 25940 will lead to a further upside rally up to the 26100 level in the short term.

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