Indian shares have lagged their regional peers in February, hit by a $68.6 billion rout in information technology stocks as investors worry about disruptions from artificial intelligence.

Shares of Indian IT exporters fell sharply on Wednesday, with the sector sliding 6.3%, tracking declines in global software stocks after Anthropic unveiled new AI tools that intensified fears of disruption across data and professional services.

Indian equity markets rallied sharply on Tuesday as the India–US trade deal boosted investor confidence, driving strong gains across frontline stocks and lifting overall sentiment on Dalal Street.

Shares of gold and precious metal jewellery companies in India posted strong gains in morning trade on Wednesday after several firms released their quarterly business updates for the December quarter of the current fiscal year (Q3 FY26) on Tuesday.

Shares of Indian tobacco companies fell on Thursday after the government imposed a new tax on cigarettes, making them costlier for an estimated 100 million smokers in the world's most populous country.

Indian pharmaceutical stocks dropped sharply on Friday after U.S. President Donald Trump announced a 100% tariff on branded and patented drugs, effective October 1.

Shares of Asian defense and aerospace companies inched higher, while many US and European defense firms saw their share value drop as tensions between India and Pakistan rise.