The stock market today saw fresh weakness in IT counters.
Infosys, TechM, Wipro share price slipped again. This marks the fourth straight session of decline for the sector.
The selling pressure is not random. It is driven by rising concerns around artificial intelligence disruption and its impact on software services businesses. And investors are reacting fast.
Let’s break down what happened.
Market Performance: Nifty IT Index Slides Further
On February 16, IT stocks remained under pressure in early trade.
- Nifty IT index fell around 1%
- Index level: 32,360.35
- Decline over last 4 sessions: More than 9%
- Fall in 2025 so far: Around 13%
- Fall in 2026 so far: About 15%
This is not a one-day event. The Nifty IT index has been correcting steadily as worries around AI disruption intensify.
When IT falls, the broader stock market today feels the tremors — especially because IT has heavyweights that influence indices.
Infosys Share Price Drops Over 2%
Among large-cap IT names, Infosys faced sharper selling.
- Infosys share price: Down more than 2%
- Trading near: ₹1,341
- Fall in last 5 days: Over 10%
- Fall in last 1 month: Over 20%
The stock has been under continuous pressure. Investors are reassessing valuations amid AI-driven uncertainty.
When Infosys slips, sentiment across the IT pack weakens further.
TechM, Wipro Share Price Also Decline
Other IT stocks also moved lower:
- Tech Mahindra (TechM): Down more than 1%
- Wipro share price: Nearly 1% down
- LTI Mindtree: Nearly 1% lower
- TCS, HCL Technologies, Mphasis: Trading in the red with marginal losses
- Coforge, Persistent Systems: Traded marginally in the green
Selling was broad-based. Gains in a few mid-tier IT names were not enough to offset weakness in the heavyweights.
Why Are IT Stocks Falling?
The core concern revolves around artificial intelligence.
Earlier this month, fears intensified after the launch of a legal AI tool by Anthropic for its Claude AI chatbot. Investors worry that advanced AI tools could increase competition for software companies.
The fear is simple:
- AI tools can now write code
- AI can fix bugs
- AI can deploy systems faster
- AI could reduce dependency on manpower
And if manpower reduces, cost structures shift. When cost structures change, markets react.
That reaction is visible in Infosys, TechM, Wipro share price movements.
Global Factors Adding to Pressure
Global cues also played a role in the stock market today.
US job growth unexpectedly increased in January, and unemployment fell to 4.3%.
Strong labor data suggests the Federal Reserve may keep interest rates unchanged while monitoring inflation.
However, job growth was largely concentrated in healthcare and social assistance sectors. Indicators suggested the broader labor market remained subdued.
Such mixed signals create uncertainty. And uncertainty hits IT exports-sensitive stocks.
At the same time:
- Global tech weakness weighed on sentiment
- Rupee depreciation added pressure
- FPI outflows intensified
All combined, this amplified selling in Indian IT counters.
AI Disruption Fear Dominates Sentiment
The bigger narrative remains AI disruption.
There is widespread belief in the market that AI platforms are becoming capable of handling tasks traditionally executed by engineers — especially in India’s IT services sector.
That belief is driving emotion-led correction.
But there is also another angle.
AI today functions largely as a productivity tool. It reduces repetitive tasks. It improves efficiency. It helps engineers deliver faster.
Large global systems are complex. They are customized. They require human judgment and accountability.
AI can assist. But responsibility still rests with humans.
Yet, in the near term, the fear factor is stronger than the adaptability narrative. And the stock market today is reflecting that fear clearly.
Is This a Sentiment Correction?
The sharp weakness in Infosys, TechM, Wipro share price appears driven more by sentiment recalibration rather than fresh earnings numbers.
Here’s what investors are factoring in:
- AI could compress traditional services revenue models
- Fewer engineers could mean changing cost structures
- Valuation multiples may adjust
- Digital transformation demand patterns may evolve
As markets process these possibilities, volatility increases.
The recent fall of over 9% in four sessions in the Nifty IT index shows how quickly sentiment can shift.
Transition Phase for IT Stocks
This phase feels like a transition.
Technology evolves. Business models adjust. Companies integrate new tools.
If AI accelerates software development, it may also lower costs. Lower costs can expand adoption. More adoption can increase the overall opportunity size.
But right now, the stock market today is focused on risk, not opportunity.
That is why Infosys share price, TechM share price, and Wipro share price are reacting sharply.
Where Things Stand Now?
To summarize current numbers:
- Nifty IT at 32,360.35
- Over 9% drop in four sessions
- Around 13% fall in 2025
- About 15% fall in 2026 so far
- Infosys near ₹1,341
- Over 20% decline in one month for Infosys
Short-term momentum remains weak.
AI-related headlines continue to influence trading patterns.
Summary: IT Stocks Face Pressure as AI Debate Intensifies
The message from the stock market today is clear.
The correction in Infosys, TechM, Wipro share price is being driven by:
- AI disruption fears
- Global tech weakness
- US macro signals
- Currency pressures
- FPI outflows
The Nifty IT index has seen a significant correction in just four sessions. Investors are recalibrating how AI could impact software services margins and cost models.
This is not about one company.
This is about how the entire IT services narrative evolves in the AI era.
For now, volatility remains elevated.
The sector is in adjustment mode.
And as the debate around AI continues, Infosys, TechM, Wipro share price will likely remain in focus in the stock market today.
Source: Moneycontrol
Easy & quick
Leave A Comment?