Infosys and Wipro ADRs Drop Up to 10% Amid Global AI Selloffs

Overnight trading on February 12, 2026, saw the American Depository Receipts of Indian IT giants Infosys and Wipro tumble, reflecting a broader AI induced correction in technology equities across global markets. 

ADRs of Infosys and Wipro Slide in Overnight Trade 

Infosys ADR declined 9.8% on US exchanges while Wipro ADR slipped 4.6% on the NYSE. The fall occurred after an AI product launch by Anthropic triggered a selloff in enterprise software stocks worldwide. The movement erased approximately $1 trillion in market capitalisation. 

AI Product Launch Triggers Global Tech Selloff 

The Anthropic announcement intensified concerns about AI competition, prompting investors to reassess revenue exposure for traditional IT services. The reaction spread quickly to US listed Indian IT names, amplifying the downward pressure on their ADR prices. 

Read More: TCS Share Price Falls Over 5%, Market Capitalisation Falls Below ₹10 Lakh Crore, Stock Hits 52 week low Amid Anthropic AI Fears! 

Impact on Indian IT Index and Domestic Shares 

The Nifty IT index fell 14.1% over the past week, wiping out $52 billion in market value. Sector weight in the Nifty50 dropped to 9.2% from 10.8% at the start of the month.  

On the NSE, Infosys closed at ₹1,386, its lowest level since November 2023, while TCS, HCL Technologies, Tech Mahindra and Wipro each recorded declines between 5% and 6%. 

Market Capitalisation Losses and Sector Weight Shift 

The combined loss across the Indian IT sector contributed to a 0.60% decline in the benchmark Nifty50, which ended at 25,807.20. The reduction in sector weight highlights the sensitivity of Indian technology stocks to global AI related sentiment. 

Conclusion 

Infosys and Wipro ADRs experienced notable declines of 9.8% and 4.6% respectively amid an AI driven selloff that erased $1 trillion in market capitalisation. The episode also saw the Nifty IT index drop 14.1% and sector weight fall to 9.2% within a short period. 

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