---
title: "Due to challenges from AI and concerns over interest rate cuts in the U.S., the Indian IT sector plummeted over 4%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275705156.md"
description: "Due to challenges from AI and concerns over U.S. interest rate cuts, the Indian IT sector plummeted over 4%. The Nifty 50 index fell 0.4% to 25,860.45 points, ending a four-day winning streak; the Nifty IT index dropped as much as 4.6%, reaching its lowest level since April 17, with a cumulative decline of 11% this year. The market is worried about industry disruptions caused by AI, and the delayed expectations for a Federal Reserve interest rate cut have dampened investor sentiment"
datetime: "2026-02-12T05:56:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275705156.md)
  - [en](https://longbridge.com/en/news/275705156.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275705156.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275705156.md) | [繁體中文](https://longbridge.com/zh-HK/news/275705156.md)


# Due to challenges from AI and concerns over interest rate cuts in the U.S., the Indian IT sector plummeted over 4%

The Indian stock market declined, with the Nifty 50 index falling 0.4% to 25,860.45 points, ending a four-day winning streak; the Nifty IT index dropped as much as 4.6%, reaching its lowest level since April 17, with a cumulative decline of 11% this year. Concerns over industry disruption caused by AI have emerged, and additionally, the delayed expectations for a Federal Reserve interest rate cut have dampened investor sentiment

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