Why Indian IT Stocks Fell Sharply Today
Feb 04 2026
NIFTY IT cracked ~6.3%, heading for its worst day since March 2020
All 10 IT stocks in the red
Key Trigger:
AI Disruption Fears
• Anthropic launched new AI plug-ins (Claude Cowork agent) that can automate tasks across coding, legal, sales, marketing & data analysis
• This sparked a global selloff in software & data stocks, spilling over to Indian IT
Why it hurts Indian IT companies
• Indian IT’s labour-intensive model depends on large teams & billable hours
• AI automation may reduce need for large vendor teams
• Risk of margin pressure & lower billing
• Entry-level IT jobs (testing, routine coding) face disruption
Stock-wise impact
• Infosys ↓ 7.3%
• TCS ↓ 5.8%
• HCLTech ↓ 5.1%
• Wipro ↓ 3.9%
Bottom line:
Markets are pricing in long-term structural risk from AI to India’s IT outsourcing model, triggering panic selling today.
Wall Street Wrap | Markets Under Pressure
Feb 06, 2026
US Markets Close Lower
• S&P 500 ↓ 1.2% at 6,799.99
• NASDAQ ↓ 1.6% at 22,540.59
• Dow Jones ↓ 1.2% at 48,908.41
Volatile trade continued as tech stocks remained under heavy selling pressure.
(Previous session: S&P 500 ↓0.5%, NASDAQ ↓1.5%, Dow ↑260 pts)
Tech & AI Stocks in Focus
• Investor worries rising over AI disrupting traditional business models & margins
• Alphabet (Google) reported strong earnings, highlighting gains from AI investments
• Gemini AI hit 750 million monthly users, nearing ChatGPT levels
• Alphabet hinted Capex may double to $175–185 billion for AI infrastructure
Qualcomm disappointed with weak revenue outlook, citing global chip shortages
Macro Watch: Jobs & Fed
• ADP private jobs: +22,000 (below expectations)
• Weekly jobless claims awaited
• Fed kept rates unchanged at 3.5%–3.75%
• Fed’s Lisa Cook signaled no urgency for further rate cuts
Gold & 
Silver Slide
• Gold fell, reversing earlier gains
• Silver crashed up to 16% to ~$73.5/oz
• Strong US dollar pressured metal prices
Oil Prices Fall
• Brent crude ↓ 1.5% at $68.42
• WTI crude ↓ 1.5% at $64.14
• Decline followed news of US–Iran talks in Oman, easing supply disruption fears
Bottom Line:
Markets are jittery amid AI-driven tech selloff, weak job data, strong dollar, and geopolitical developments, keeping volatility elevated.
Wall Street Rally | Dow Crosses 50,000
Feb 06, 2026
Historic day for US markets
• Dow Jones 
crossed 50,000 for the first time
• S&P 500 closed sharply higher
• Nasdaq rebounded after recent losses
AI Spending Drives Market Action
• Amazon ↓ 5.6% after announcing 50%+ jump in AI capex
• Heavy spending raised margin concerns despite long-term AI push
• Similar AI investment plans announced earlier by Alphabet
Chip Stocks Soar on AI Demand Hopes
• Nvidia ↑ 7.8%
• AMD ↑ 8.3%
• Broadcom ↑ 7.1%
• Semiconductor index (SOX) ↑ 5.7%
Markets bet that chipmakers will be biggest beneficiaries of massive AI data-center investments
Software Stocks Rebound
• CrowdStrike ↑ 4%+
• Palantir ↑ 4%+
• S&P Software & Services Index ↑ 2.4%
• Still logged ~8% weekly fall, worst since March 2020
Market Rotation in Play
• Dow outperformed as investors rotated away from expensive tech
• Small-caps (Russell 2000) also rallied this week
Bottom line:
Despite AI-related volatility, markets are signaling strong long-term confidence in AI demand, with chipmakers leading the next leg of the rally.
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Wall Street Falls Sharply | Tech Selloff Deepens
US Markets Under Pressure
Feb 12, 2026
• Dow Jones ↓ 669 pts (−1.34%) – 49,451.98
• S&P 500 ↓ 1.57% – 6,832.76
• Nasdaq ↓ 2.03% – 22,597.15
Heavy selling in technology stocks dragged the broader market lower
AI Disruption Fears Hit Tech & Transport
• Investors worried about which sectors gain vs lose from AI
• Tech & transport stocks sold off on disruption concerns
Weak outlook from Cisco Systems triggered broader tech pessimism
• Cisco plunged 12.3% (worst fall since May 2022)
Mega Cap Tech Also Under Selling
• Selling spilled into major tech names like
– Apple
– Nvidia
– Broadcom
– Amazon
Macro Concerns Add Pressure
• Strong jobs data reduced hopes of Fed rate cuts
• Investors awaited January inflation (CPI) data
• Jobless claims fell less than expected
AI Capex Race Worries
• Big tech expected to spend ~$650 billion on AI investments
• High spending raised concerns about future margins & cash flows
Bottom line:
Markets fell as AI disruption fears, weak Cisco results, rising capex concerns and macro uncertainty triggered a broad selloff in tech-led indices.