Markets Tumble Sharply | IT Stocks Hit Hard by AI Concerns | US Deal | PM Modi | Trump | Sensex

0 February 12, 2026 07:38

In this episode of Business Today, we discuss the sharp market decline where the Nifty IT index plunged over 5% due to fresh AI disruption fears. Devarsh Vakil, Head of Prime Research at HDFC Securities, notes that Indian IT firms are in a ‘transition period’ and advises investors to ‘wait for further dip before jumping in’ rather than exiting completely. The show also covers the India-US trade deal, with SBI Research projecting a trade surplus exceeding $90 billion. Commerce Minister Piyush Goyal clarified that Bangladesh’s zero-duty access is limited to products using US-sourced cotton. Additionally, M&M Executive Director Rajesh Jejurikar discusses a 1% price hike in SUVs due to commodity costs, while noting that the EU trade deal offers significant opportunities for electric vehicles. Vakil remains optimistic about the auto and BFSI sectors for FY27, suggesting that investors will be ‘spoiled for choice’ as earnings growth potentially rebounds to 15-17%.

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