IT stocks reel from their steepest slide in years, with the entire sector under pressure. Meanwhile, Trump’s tariff moves trigger global trade ripples, reshaping strategies for businesses and governments alike.
By CNBCTV18.com February 24, 2026, 11:23:04 AM IST (Updated)
In this edition of 11:11, we break down the sharp sell-off in IT stocks, with the sector staring at its worst stretch in years as AI continues to weigh on the market. We also track how tariff uncertainty driven by Donald Trump is once again rippling through global trade, prompting policy shifts and strategic recalibrations across major economies like the EU and Canada, among others.
Beyond markets, we look at the pressure building in India’s textile space after policy changes, the latest moves in AI competition as Anthropic flags concerns over model distillation, and more.
IT Stocks Crash: Index set for worst month since September 2008; Check upside potential now
Every single constituent of the Nifty IT is now down more than 10% on a year-to-date basis. Six out of the 10 constituents are already down 20% in just the first two months of the year. Here’s a look at the extent of the sell-off.
EU halts US trade deal as tariff turmoil creates uncertainty
The European Union froze ratification of its US trade deal until President Donald Trump solidifies his upended tariff plans, injecting economic turbulence into an already strained relationship.
After Supreme Court rebuke, Democrats call for government to refund billions in Trump tariff money
A trio of Senate Democrats is calling for the government to start refunding roughly $175 billion in tariff revenues that the Supreme Court ruled were collected because of an illegal set of orders by President Donald Trump.
Carney to visit India, Australia and Japan to diversify Canada trade away from US
Canadian Prime Minister Mark Carney is traveling to India, Australia and Japan this week and next in his latest effort to diversify trade away from the United States, his office announced Monday (February 23).
Explained — Why textile stocks are under pressure and the next potential headwind
India’s textile stocks, Gokaldas Exports, Arvind, Vardhman Textile, fell as much as 6% on Tuesday, February 24, after the Directorate General of Freight Trade (DGFT) notified a 50% reduction in Remission of Duties and Texas on Exported Products (RoDTEP) across all lines with immediate effect.
One MobiKwik shares jump 11% as subsidiary gets BSE nod to start broking business
Shares of One MobiKwik Systems Ltd., the parent company of payments platform MobiKwik, surged over 11% on Tuesday, February 24, snapping a three-day losing streak. MobiKwik Securities Broking, a wholly-owned subsidiary of the company, has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business.
Gold drops 1.5%, silver slides 3% as stronger dollar dents bullion rally
Gold and silver prices fell sharply on Tuesday (February 24) after a recent rally, as a stronger US dollar weighed on bullion even as investors tracked tariff uncertainty and escalating tensions between Washington and Tehran.
India proposes GAIL Gas IPO in FY28 under ₹16.72 lakh crore National Monetisation Pipeline 2.0
India has proposed a sweeping overhaul of GAIL’s city gas distribution (CGD) business — culminating in the listing of GAIL Gas Limited — as one of the more significant structural moves under the National Monetisation Pipeline (NMP) 2.0.
Anthropic flags large-scale ‘distillation’ attempts by China’s DeepSeek, MiniMax and Moonshot
US artificial intelligence company Anthropic has alleged that three prominent Chinese AI developers carried out coordinated efforts to extract capabilities from its Claude models through large-scale “distillation” campaigns.
Jharkhand air ambulance crash: Aircraft lost communication in 23 mins killing 7
In a matter of 23 minutes, an air ambulance lost communication and crashed, killing all seven on board in Jharkhand’s Chatra district. The aircraft operated by Redbird Airways Pvt Ltd took off from Ranchi airport at 7:11 pm on Monday (February 23).
5 killed, 45 injured as double-decker bus overturns in Lucknow; driver detained
Five people were killed, and 45 were injured when a double-decker bus overturned near the toll on the Purvanchal Expressway in Lucknow on Monday evening (February 23) after the driver lost control of the vehicle, police said.
First Published:
Feb 24, 2026 11:22 AM
IST
