IT stocks: Shares of IT stocks including Infosys, Tata Consultancy Services, Wipro, and other technology stocks slid again on Monday, February 16, marking the fourth straight session of losses for the sector as concerns over artificial intelligence-led disruption continued to weigh on investor sentiment.
The Nifty IT index slipped 1.1% in intraday trade. Over the past four sessions, the index has declined 9.5%. From its record peak, the IT index is now down 32%, making this its steepest drawdown since the 2008 Lehman crisis. The index hit its record high of 41,530.3 in December 2025.
The prolonged weakness follows a sharp correction over the past two years. After dropping about 13% in 2025, the index has fallen a further 15% so far in 2026. The sustained sell-off reflects growing fears that rapid advances in artificial intelligence could disrupt the traditional outsourcing-led business model of Indian software services firms and weigh on future earnings growth.
