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Informist, Friday, Feb. 13, 2026

MUMBAI – After their recent slump, information technology stocks are expected to remain range-bound in the near term, before seeing a bounce back, analysts said. Domestic IT stocks had been under pressure following a rout in global technology stocks amid renewed concerns over artificial intelligence-led disruption in the sector. Investors will now focus on the India AI Impact Summit scheduled in New Delhi next week. 

Concerns over AI-led disruption and reduced expectations of an early interest rate cut by the US Federal Reserve on the back of stronger-than-expected US employment data weighed on domestic IT stocks, dragging the Nifty IT index to a 10-month low of 31422.60 points Friday. The sectoral index, however, reversed some of its early losses and closed the session over 1% lower at 32681.50 points. Over the week, the Nifty IT index has slumped over 8%, compared to the around 1% fall in both the benchmark indices. 

The commentary by AI companies, Anthropic and Palantir, earlier this week, signalled that several US-based companies are switching to AI tools for software development and other services which are generally provided by traditional software companies. However, the analysts have pointed out that the recent pressure on IT stocks is an overblown reaction to AI tools, which was also seen during OpenAI's product launch. The fear of AI-led disruption is "overblown," Rishubh Vasa, a research analyst covering the sector at Indsec Securities and Finance said.

"The disruption will be there at certain pockets but not all," Vasa said. No domestic IT companies have so far indicated any AI-led deal cancellations. He expects domestic IT services to benefit in the long term from AI tools, as they enhance their own service offerings tailored to the needs of companies using these tool. This could further open new areas of exploration for these companies, he added. 

The valuations of domestic IT stocks have become very comfortable, analysts said. Currently, the Nifty IT index is on the verge of a breakdown from a head-and-shoulder formation, with the neckline placed around the 30900 spot level, Vipin Kumaar, assistant vice-president – technical and derivatives at Globe Capital Market, said. A decisive close below the 30900 level could be a negative development for the medium term, he added. 

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Following are the resistance and support levels for key IT stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by Arya S. Biju

Edited by Deepshikha Bhardwaj

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