India Stocks Set to Close Week on Low Note
2026-02-13 05:08
By
Chusnul Chotimah
1 min. read
The BSE Sensex fell 787 points, or 1.0%, to 82,878, declining for the third straight session and hitting its lowest level since February 2, tracking a downbeat session on Wall Street overnight amid ongoing pressure in the tech sector.
Traders were also cautious after the latest data showed January inflation came in above forecasts and marked the first reading within the RBI’s tolerance band of 2%–4% since last August, erasing hopes of interest rate cuts at the upcoming meeting.
Tech stocks plunged 5%, as investor sentiment was rattled by fears of AI disruption, with the biggest laggards including Infosys (-6.1%), Tata Consultancy Services (-4.8%), and HCL Technologies (-4.4%).
Other sectors also traded in the red, including metals, consumer durables, auto stocks, and banking, mainly weighed down by Hindustan Unilever (-2.2%), Tata Motors (-1.6%), and Tata Steel (-1.6%).
For the week, the index is heading for a 0.8% decline, which would be its first weekly loss in three weeks.