Mumbai, February 12, 2026
The Indian stock market closed lower on Thursday amid intense selling pressure in information technology shares. Concerns over AI-driven disruptions and diminished expectations for near-term U.S. Federal Reserve interest rate cuts weighed on investor sentiment following strong American economic data.
The 30-share BSE Sensex declined 558.72 points, or 0.66 percent, to settle at 83,674.92. Intraday, the index fell as much as 716.97 points, or 0.85 percent, touching a low of 83,516.67. The broader 50-share NSE Nifty dropped 146.65 points, or 0.57 percent, to end at 25,807.20.
Technology stocks led the decline on the Sensex, with Tech Mahindra, Infosys, and Tata Consultancy Services (TCS) falling nearly 6 percent each to emerge as top laggards. Other notable losers included HCL Technologies, Mahindra & Mahindra, Hindustan Unilever, Reliance Industries, HDFC Bank, InterGlobe Aviation (IndiGo), Kotak Mahindra Bank, and Adani Ports.
Gainers on the Sensex included Bajaj Finance, ICICI Bank, Trent, Bharat Electronics, State Bank of India, Asian Paints, Bajaj Finserv, Titan, Larsen & Toubro, Bharti Airtel, and Tata Steel.
In broader markets, the BSE MidCap Select Index fell 0.48 percent, while the SmallCap Select Index declined 0.28 percent. Among sectoral indices, Focused IT recorded the steepest drop of 5.40 percent, followed by the broader IT index at 5.29 percent.
