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IT stocks tumble as AI disruption fears deepen; Nifty IT down over 5%

12-Feb-26 14:33 Hrs IST

The sharp decline followed the launch of a new artificial intelligence tool by US-based startup Anthropic, which recently introduced a product tailored for corporate legal teams. The company, known for its Claude chatbot, said the tool can automate functions such as contract reviews, non-disclosure agreement triage, compliance workflows, legal brief preparation and standardised responses. The development intensified investor concerns about the potential impact of AI automation on outsourcing-driven business models.

Among major IT stocks, Coforge declined 6.31%, Oracle Financial Services Software fell 5.65%, and LTIMindtree dropped 5.63%. Infosys lost 5.58%, while Tata Consultancy Services fell 5.39%. Tech Mahindra declined 5.30%, Persistent Systems slipped 4.87%, and Mphasis dropped 4.56%. Wipro fell 4.25%, while HCL Technologies declined 3.99%.

The sector was also weighed down by stronger-than-expected US jobs data, which dampened expectations of near-term interest rate cuts by the Federal Reserve and added to investor caution toward export-oriented technology stocks.

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Sr No	Start Date	Department	Tender Details	Status
1	31-01-2026	IT & IT Back Office	RFP - for Appointment of IAAP Certified Accessibility professionals as Auditors NEW	Open
			Schedule of Pre-Bid Meeting - RFP No. IFIN/IAAP/2025-26/002
2	28-01-2026	IT	RFP for Procurement of Sophos Firewall NEW
			A. General Information
			B. Technical BID
			C. Financial BID
3	01-01-2026	IA	RFP for Appointment of Internal Auditors for Period April 2026 – March 2027	Open
4	01-01-2026	IA	RFP for Appointment of Concurrent Internal Auditors for Period April 2026 – March 2027	Open
5	27-11-2025	IT & IT Back office	RFP - for Appointment of IAAP Certified Accessibility professionals as Auditors	Cancelled
	27-01-2026	IT & IT Back office	RFP - for Appointment of IAAP Certified Accessibility professionals as Auditors	Cancelled
			A. Schedule of Pre-Bid Meeting - RFP No. IFIN/IAAP/2025-26/001
			B. Technical BID Meeting Link
6	30-10-2025		RFP for Vehicle Hiring
			A. General Information
			B. Technical BID Meeting Link
			C. Financial BID Meeting Link
7	02-09-2025	IT	RFP for Procurement of Server	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
			D. Technical BID Meeting Link
			E. Financial BID Meeting Link
8	21-08-2025	IT	RFP for Procurement of Server	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
			D. Technical BID Meeting Link
			E. Financial Bid Meeting Link
9	14-07-2025		RFP document for the Cloud Voice Logger	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
			D. Technical BID Meeting Link
			E. Financial Bid Meeting Link
10	01-04-2025	IA	REQUEST FOR PROPOSAL FOR APPOINTMENT OF CONCURRENT INTERNAL AUDITORS FOR PERIOD APRIL 2025 – MARCH 2026
11	01-04-2025	IA	REQUEST FOR PROPOSAL FOR APPOINTMENT OF INTERNAL AUDITORS FOR PERIOD APRIL 2025 – MARCH 2026 - IFCI
12	24-04-2025	IT	RFP for Services of IT Infrastructure Shifting & Configuration	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
			D. Pre Bid Meeting Link
			E. Technical BID Meeting Link
			F. Financial Bid Opening
13	18-02-2025	IT	RFP for Procurement of HP Hard Disk	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
14	18-02-2025	IT	RFP for Procurement of HP Server	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
15	07-12-2024	Administration	RFP for office premises on lease at Chennai	Closed
			A. News Paper Article
			B. General Information
			C. Technical Bid
			D. Financial Bid
			E. Pre Bid Meeting Link
			F. Technical BID Meeting Link
			G. Financial BID Meeting Link
16	10-06-2024	IA	RFP for appointment of internal auditors for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
			A. Request For Proposal
			B. Extension of RFP
17	10-06-2024	IA	RFP for appointment of internal auditors and Concurrent Audit for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
18	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
19	16-10-2023	Compliance	RFP for Procurement of AML/PML software solution
	06-11-2023	Compliance	A. Addendum - Extension Period for procurement of AML/PML sofware solution
20	28-10-2024	IT	RFP for Procurement of Firewall	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
21	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
22	07-07-2023	CS	RFP for Secretarial Audit
23	26-06-2023	IT	RFP for AMC of Online UPS system installed at IFINs Branch office	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
24	16-06-2023	IT	E-tender for engagement of annual system audit and cyber security audit agency	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
25	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
26	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
			E. Extension of RFP
			F. Closure of RFP
27	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
28	24-04-2023	IA	Extension Of RFP iCOM IA for FY 2023-2024	Closed
29	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
			A. Status_of_RFP_for_secretarila_audit
30	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
31	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
32	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
33	24-04-2023	IA	RFP For Appointment Of Internal Auditor iCOM 23-24	Closed
34	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
35	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed