Mphasis, Infosys, TCS shares drop upto 7%; why are IT stocks falling today?

IT stocks falling today: The Nifty IT index fell 1.4 per cent intraday to hit a low of 36,770.15. Among individual stocks, Mphasis tumbled 6.7 per cent, Persistent Systems and HCL Tech 1.8 per cent

IT stocks down today: Information Technology (IT) stocks were edging lower in trade on Monday, June 2, 2025 after the US asserted that reciprocal tariffs "were not going away".  

The Nifty IT index fell 1.4 per cent intraday to hit a low of 36,770.15. Among individual stocks, Mphasis tumbled 6.7 per cent, Persistent Systems and HCL Tech 1.8 per cent each, Tech M 1.7 per cent, Infosys 1.5 per cent, and Wipro 1.4 per cent.

 

Why are IT stocks falling today?

The decline in IT stocks today came after US President Donald Trump’s Commerce Secretary Howard Lutnick said on Sunday