Feb 13 (Reuters) - Indian shares opened lower on Friday, tracking a drop in Wall Street and Asian equities, with information technology shares tumbling as much as 5%, extending their losses on concerns of artificial intelligence-led disruption in the sector.
The Nifty 50 fell 0.86% to 25,582, while the BSE Sensex shed 0.88% to 82,942.58, as of 9:17 a.m. IST.
All 16 major sectors declined at the open.
The IT index fell for its third straight session, on intensifying fears of AI-driven automation disrupting Indian IT's labour-intensive business model. It declined 5.5% on Thursday.
Other Asian markets also fell 0.9%, tracking a drop in Wall Street equities overnight, led by technology stocks.
The tech-heavy Nasdaq Composite index fell more than 2% on Thursday ahead of U.S. inflation data, due later on Friday, which could influence the future path of rates.
Stronger-than-expected U.S. jobs data in January has dented expectations of a near-term rate cut.
(Reporting by Bharath Rajeswaran and Vivek Kumar M in Bengaluru; Editing by Rashmi Aich and Janane Venkatraman)
