09 Apr , 2026 By : Debdeep Gupta
Information Technology stocks were among the top losers in today’s morning trade, with heavyweights witnessing declines across the board.
Shares of Infosys fell 2.1 percent to Rs 1,318, while HCL Technologies declined 1.2 percent to Rs 1,439. Wipro slipped 0.4 percent to Rs 202.
Among other IT majors, Tech Mahindra dropped 1 percent to Rs 1,437, while LTIMindtree fell 1.9 percent to Rs 4,436.
Reflecting the broader weakness in the sector, the NIFTY IT index declined 1.2 percent. It was among the worst sectoral losers on NSE. Other sectoral indices also traded lower, with the NIFTY Realty index down 1.5 percent.
However, shares of Tata Consultancy Services were trading in the green at Rs 2,586.00, up 1.05% (Rs 26.80) as of 11:45 am, ahead of its Q4 results announcement later in the day.
Meanwhile, benchmark indices BSE Sensex and Nifty 50 traded lower on Thursday after a sharp rally in the previous session, as renewed Middle East tensions dampened hopes of a lasting peace following the Iran-U.S. ceasefire.
In late morning, the Sensex was down more than 650 points or 0.8 percent, slipping below 76,900. The broader Nifty slipped more than 150 points to near 23,800.
Investor sentiment turned cautious after Iran termed it “unreasonable” to pursue talks with the United States following intensified strikes by Israel on Lebanon.
The muted performance of IT stocks comes despite improving global sentiment, as sector-specific concerns continue to weigh on the space.
Analyst said the near-term outlook for IT stocks remains cautious ahead of the Q4 earnings.
Near-term expectations for the performance of IT stocks before Q4 numbers come in remain cautious, owing largely to the lack of demand globally and the stress on discretionary spending, experts reflect on market trend.
They also added, "As a result, one can anticipate modest revenues and poor deal performance in the quarter."
The IT sector remains heavily reliant on global demand, particularly from the US and Europe, and any slowdown in spending by clients in these regions directly impacts the revenues of Indian IT firms.
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