POST MARKET
Indian benchmark indices extended their decline for a second consecutive session on February 13, weighed down by a sharp selloff in IT stocks on the third consecutive session amid rising concerns over the impact of artificial intelligence on the sector.
At close,
Sensex ↓↑down 1,048.16 points or 1.25 percent at 82,626.76,
Nifty ↓↑down 336.10 points or 1.30 percent at 25,471.10.
About 1236 shares advanced, 2784 shares declined, and 148 shares were unchanged.
Among the top laggards on the Nifty were Hindalco Industries, Hindustan Unilever, Eternal, Adani Enterprises, and ONGC. On the other side, Bajaj Finance, Eicher Motors, SBI Life Insurance, State Bank of India, and Cipla managed to close in positive territory.
Sectorally, all major indices ended in the red. Energy, Metal, and Realty indices declined 2–3 percent each, while IT, Consumer Durables, FMCG, Telecom, Infra, Auto, Power, PSU, and Oil & Gas indices fell around 1 percent each.
Broader markets also witnessed heavy selling, with the Nifty Midcap and Smallcap indices shedding nearly 2 percent each.
STOCKS IN NEWS
Spicejet
Shares of SpiceJet fell over 16 percent and hit a fresh 52-week low in Friday’s session. The airline reported a loss before tax of Rs 269.27 crore for the three months ended December 2025 against a profit of Rs 24.97 crore in the year-ago period.
Prestige Estates Projects
Shares of real estate firm Prestige Estates Projects declined over 4 percent on Friday in line with weakness in information technology (IT) stocks, as concerns over disruption from artificial intelligence-driven automation have weighed on IT companies.
Muthoot Finance
Shares of Muthoot Finance dropped almost 12 percent on February 13, heading for their steepest one-day percentage decline in three-and-a-half years, as investors raised concerns over the durability of a surge in third-quarter earnings.
TCS
The IT stock Tata Consultancy Services (TCS) fell 2 percent for its third straight session on February 13 on intensifying fears of AI-driven automation disrupting Indian IT’s labour-intensive business model. The sectoral index declined 5.5% on February 12.
Hindalco
Hindalco Industries shares fell over 6 percent on February 13 as the Aditya Birla Group-owned metals producer reported 45% Q3 profit drop y/y, driven by expenses linked to fire-related disruptions at US unit Novelis.
Source – Moneycontrol
