Foreign Investors Offload Rs 10,956 Cr in IT Stocks, Holdings Reach 4-Year Low in Early February

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FIIs Dump Rs 10,956 Cr in IT Stocks, Holdings Hit 4-Year Low Amid AI Concerns

IT stocks

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Moneycontrol•19-02-2026, 08:05

FIIs Dump Rs 10,956 Cr in IT Stocks, Holdings Hit 4-Year Low Amid AI Concerns

•Foreign institutional investors (FIIs) sold over INR 10,956 crore in IT stocks in early February.
•FIIs' combined investment in IT stocks declined to INR 4.49 lakh crore, a four-year low.
•The selloff is attributed to concerns that generative AI could reduce demand for human-led coding and IT support.
•Major IT stocks like Infosys, TCS, and HCL Technologies saw significant declines in February.
•FIIs showed buying interest in other sectors including capital goods, financial services, and metals.

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