Indian stocks tumble as IT sector heads for worst month since 2003
Indian benchmarks fell on Tuesday as the IT sector faced its steepest monthly decline in over two decades. Investors remain wary of AI disruption and US tariffs.
Insights:
Indian 
IN equity benchmarks fell on February 24, 2026, after the Indian information technology sector saw a plunge in stock prices amid persistent fears of AI-driven disruption. This move has materially weakened major market indices, with the Nifty IT index dropping by approximately 21% so far in February and erasing about $68.5 billion of market value. The decline has significantly impacted the Nifty 50 and the BSE Sensex, representing a large, concentrated selloff that has shifted market risk sentiment.
IN equity benchmarks fell on February 24, 2026, after the Indian information technology sector saw a plunge in stock prices amid persistent fears of AI-driven disruption. This move has materially weakened major market indices, with the Nifty IT index dropping by approximately 21% so far in February and erasing about $68.5 billion of market value. The decline has significantly impacted the Nifty 50 and the BSE Sensex, representing a large, concentrated selloff that has shifted market risk sentiment.
