IT Stocks Drag Nifty IT Below 27,100; Wipro, Infosys, TCS, Among Top Losers

The Nifty IT index fell 2.01% to 27,072.40 as of 12:30 PM on Tuesday, slipping below the 27,100 mark amid broad-based selling in technology stocks. Most constituents of the index traded in the red, weighing on the sectoral benchmark.

Infosys fell 2.95% to ₹1,034, while Tata Consultancy Services (TCS) declined 2.77% to ₹2,068. Wipro dropped 2.55% to ₹XX, making it one of the biggest losers in the sector. LTIMindtree fell 1.77% to ₹3,762, while HCLTech traded 1.31% lower at ₹1,115.70. Tech Mahindra and Mphasis also traded in the red.

Top Losers in the Nifty IT Index

Technology stocks remained under pressure throughout the trading session, with large-cap names accounting for a significant portion of the decline in the Nifty IT index.

Infosys, TCS and Wipro were among the biggest drags on the Nifty IT index during the session. LTIMindtree, HCLTech, Tech Mahindra and Mphasis also traded lower, reflecting weakness across most technology stocks.

Coforge declined 0.53% to ₹1,476, outperforming most Nifty IT constituents. Oracle Financial Services Software and Persistent Systems also saw relatively smaller declines compared with the broader sector.

Why Are IT Stocks Falling Today?

The decline in Indian IT stocks follows weakness in global technology shares. US technology stocks ended lower overnight, while several Asian technology and semiconductor stocks also traded in the red.

The selloff comes days after Accenture lowered its revenue growth guidance and flagged softer demand conditions, leading to renewed concerns around global technology spending. The development triggered a sharp decline in IT stocks globally and pushed the Nifty IT index to a three-year low last week.

Indian IT companies derive a significant share of their revenue from overseas markets, particularly North America, making the sector sensitive to changes in global technology spending trends.

Also Read - Advit Jewels IPO Subscribed 3.10 Times on Day 1: Check Issue Details and Key Dates

Nifty IT Near 52-Week Low

The Nifty IT index touched a 52-week low of 26,634.50 on June 19. The index has fallen nearly 5% over the past week and around 6% over the last month.

Despite Tuesday's decline, the index remains above its recent low. However, it continues to trade significantly below their 52-week high of 40,301.40. So far in 2026, the Nifty IT index has declined nearly 29%, making it one of the weakest-performing sectoral indices this year.

Sources:

NSE market data (as of 12:30 PM)

Reuters

Accenture earnings release