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AI selloff knocks IT sector to third spot in Nifty as Oil & Gas moves ahead

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AI-led global selloff drags Nifty IT down 14%, pushing sector to third place in index weightings as Oil & Gas overtakes amid disruption fears.

By Yoosef K February 12, 2026, 8:35:45 PM IST (Updated)
The IT sector, long the second-highest weighted segment in the Nifty50 after Financial Services, has lost its position to the Oil & Gas sector in the index following a sharp selloff triggered by global concerns over AI-led disruption.

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