Indian IT Market Brief: February 13, 2026 The Indian Information Technology sector is facing a severe valuation correction as artificial intelligence disruption shifts from theoretical risk to market reality. **Tata Consultancy Services (TCS)** has seen its share price sink to a fresh 52-week low of **₹2,579**, marking a significant decline from its previous stability. The downturn has erased over **₹1.3 lakh crore** in investor wealth across the Nifty IT index in just two sessions. This rout has pushed the market capitalization of TCS below the psychological **₹10 lakh crore** mark, currently sitting at approximately **₹9.45 lakh crore**. Consequently, State Bank of India has overtaken TCS as India’s fourth most valuable listed company. The Anthropic Shock The primary catalyst for the current sell-off is the "Anthropic Shock." The US-based AI startup recently launched specialized tools capable of automating high-value legal and coding tasks. This development has sparked fears that traditional billable-hour models used by Indian firms are becoming obsolete. Global sentiment has soured further following a steep decline in US-listed tech stocks. **Infosys ADRs** plummeted nearly **10%** overnight, while **Wipro ADRs** fell by **4.6%**. The Nasdaq’s recent **2.03%** drop continues to weigh heavily on Indian providers that rely on North American clients for the bulk of their revenue. Sector-Wide Impact The Nifty IT index has emerged as the worst-performing sectoral index, falling over **4%** in a single day. Other major players have not been spared: * **Infosys** shares hit a low of **₹1,298** * **HCL Tech** declined by **4.32%** to **₹1,412** * **Wipro** dropped to **₹209** Beyond AI fears, macroeconomic factors are compounding the pressure. Stronger-than-expected US jobs data has dampened hopes for imminent interest rate cuts by the Federal Reserve. A strengthening Indian Rupee, hovering near **90.27** against the Dollar, is also expected to squeeze profit margins for exporters who earn primarily in foreign currency. Shifting Fundamentals Institutional investors are actively rotating capital out of IT and into domestic-heavy sectors like banking. While TCS reported a **5%** year-on-year revenue increase to **₹67,087 crore** in its latest quarterly results, its net profit fell by **14%** to **₹10,657 crore**. This divergence highlights the rising costs of competing in an AI-first economy. The market remains in a "sell-on-rise" mode as technical indicators show IT stocks trading well below their 200-day moving averages. Analysts suggest that the sector's recovery will depend on how quickly these firms can integrate generative AI into their own delivery models to protect their long-term pricing power.