Nifty IT Stocks

Analysts attributed the sustained weakness in the Nifty IT index to broad-based pressure in global technology stocks, cautious sentiment over slower US tech spending, and rising geopolitical tensions

Hitesh Rathi, technical analyst at Angel One says that IT stocks continue to trade with a negative bias on the charts, and are prone to further fall if they dip below the crucial support zones.

Thus far in the calendar year 2026, the market price of TCS tanked 33 per cent, as compared to 11.5 per cent fall in the Nifty 50.

The Nifty IT index slumped 5.6 per cent, its steepest fall in four months, as concerns over AI-driven revenue deflation weighed on investor sentiment

IT stocks witnessed heavy selling pressure on Wednesday tracking overnight losses in technology shares in the US market. Indian ADRs cracked up to 8%.

As Nifty IT trades below historical valuations despite record earnings, Apurva Sheth explores whether India's IT sector is nearing a major turnaround opportunity

In the past three sessions, the Nifty IT index has climbed as much as 6 per cent, while the Nifty index has declined 2.50 per cent.

Today's sharp outperformance in the IT sector was driven by overnight rally in tech stocks on the Wall Street and company-speciific developments back home.

Indian IT stocks have fallen up to 34 per cent in 2026 as AI disrupted outsourcing model. Analysts remain cautious on FY27 outlook. They prefer TCS, Infosys, HCLTech, Coforge

Benchmark indices recovered from sharp early losses as IT stocks rallied and foreign investors continued buying despite escalating tensions in West Asia

The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.

The Nifty IT index has underperformed the markets in 2026 so far and emerged as top sectoral loser as well. As per data, the index has corrected 26 per cent on Y-T-D basis.

Analysts believe OFSS's outperformance is underpinned by relatively sustainable revenue growth, sharp margin expansion, operating leverage, and AI-driven productivity gains

In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.

Indian IT stocks fell sharply after OpenAI's acquisition of consulting firm Tomoro intensified concerns over AI-led disruption to traditional IT services models

Nifty IT index has fallen nearly 25 per cent year-to-date, compared with an 8.85 per cent decline in the benchmark Nifty50

India's IT sector faces muted growth as client spending slows and AI disrupts pricing, with analysts expecting only 3-4% revenue growth in the near term

The Sensex touched a low of 76,680.75, down 983.253 points, or 1.26 per cent. Likewise, the Nifty 50 hit an intraday low of 23,893.40, down 279.65 points, or 1.15 per cent

The buyback price is 19 per cent higher than the stock's closing price on Thursday's of Rs 210.15 per share on the NSE.

Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent