Sensex Finishes Lower, Posts Weekly Loss
2026-02-13 11:48
By
Luisa Carvalho
1 min. read
India's BSE Sensex closed roughly 1.3% lower at 82,626.8 on Friday, the lowest since early February, marking the third straight session of declines.
The selloff in IT stocks deepened, amid rising fears of AI-related disruption and fading expectations of US rate cuts in the near-term.
As companies across the globe invest in AI automation, there are fears that outsourcing demand could weaken, affecting earnings for Indian IT stocks.
Tata Consultancy Services, BEL, Infosys and HCL Technologies saw losses up to 2%.
All other sectors also traded in the red, including metals, consumer durables, auto stocks, and financials.
On the domestic data front, the latest data showed January inflation exceeded forecasts, marking the first reading within the RBI’s 2%–4% tolerance band since last August, dampening expectations of an interest rate cut at the upcoming meeting.
For the week, the index posted a 1.1% decline.