The BSE IT index also fell 3.5 per cent in the intraday trade. Thus far in calendar year 2025, the BSE IT index has underperformed the market by sliding 19 per cent
On the bourses, the Nifty IT index is the worst-performing sector so far this year. The index is down 16 per cent in 2025
IT stocks such as Infosys, TCS and 3 others could see limited downside from current levels, as they are trading above key support levels, backed by positive cues from momentum oscillators, show charts
Another silver lining for the companies and the markets, analysts said, is the falling dependence on the H-1B visa in the last few years.
US Federal Reserve cut interest rates by 25 basis points and pencilled in two more reductions this year
The service is aimed at strengthening and simplifying cybersecurity for client companies
Infosys will repurchase 100 million shares at an average price of ₹1,800 per share, a 19.3 per cent premium to its closing share price of ₹1,509.50 on Thursday
SBI, SBI Card, Canara Bank, Tata Chemicals and Wipro have witnessed a short-term breakout as per the price-to-moving averages action, shows the daily chart.
The Nifty IT Index has underperformed the broader markets in the last 3 months and 6 months, owing to macro uncertainties