Feb 12 (Reuters) - India's equity benchmarks opened lower on Thursday, dragged by information technology companies on fading expectations of a near-term U.S. rate cut and concerns over AI disruption, while investors look ahead to a busy earnings day.
The Nifty 50 fell 0.43% to 25,846.5, while the BSE Sensex shed 0.43% to 83,864.64, as of 9:25 a.m. IST.
Twelve of the 16 major sectors logged losses. IT index fell 3.6%, extending its recent decline, following stronger-than-expected U.S. jobs data in January that dented near-term rate cut expectations.
After losing 12.6% in 2025, the index has declined 10.7% so far in 2026.
The broader small-caps and mid-caps lost 0.6% each on the day.
Lenskart Solutions jumped 10.4% after the eyewear retailer posted a multi-fold jump in quarterly profit on demand growth for its prescription eyeglasses.
LG Electronics India fell 5.1% after logging a 62% drop in third-quarter profit on weaker demand in home appliances and air solutions business due to cooler weather.
(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Rashmi Aich and Janane Venkatraman)
