New Delhi, Feb. 12 -- IT stocks came under heavy selling pressure on February 12, following a sharp sell-off in global technology stocks amid renewed concerns around disruptions caused by AI-led start-ups.

The sell-off dragged the Nifty IT index down as much as 4.6% to an intraday low of 33,471.55, making it the worst-performing sectoral index on the benchmarks for the day. The sharp decline erased more than Rs.1.3 lakh crore in market capitalisation from IT stocks during the session.

The pressure on the sector has been building over time. After slipping about 13% in calendar year 2025, the Nifty IT index has already fallen roughly 11% so far in 2026.

The weakness reflects growing investor anxiety that rapid advances in artificial inte...