The mood in the stock market today was cautious. But the real pressure was visible in IT counters. From Infosys to TCS to HCL Tech share price, heavy selling dragged the entire technology pack lower for the third straight session.
It wasn’t a mild dip. It was sharp. And it came with global triggers.
Let’s break down what unfolded.
Market Performance: Nifty IT Slides to Multi-Month Low
Indian IT stocks saw intense pressure during Friday’s trade. The weakness mirrored overnight losses in US tech stocks.
Key numbers from the session:
- Nifty IT index crashed over 5%
- Index touched an intraday low of 31,422.60
- This marks its lowest level since October 2023
- The index has fallen nearly 12% in just three days
This isn’t just routine volatility. A 12% drop in three sessions shows strong risk-off sentiment in the sector.
Stock Market Today: Infosys, TCS to HCL Tech Share Price in Red
Almost every IT stock traded lower.
Here’s how major names performed:
- Infosys share price dropped 7.5% — the biggest loser in the pack
- TCS share price fell around 6%
- HCL Tech share price declined 5.5%
- Wipro and Tech Mahindra slipped close to 4.5% each
There was no safe pocket within IT.
Large-cap bellwethers were hit first. Mid-tier names followed.
When leadership stocks like Infosys and TCS correct sharply, it usually signals broader institutional selling.
Why IT Stocks Are Falling in the Stock Market Today?
The fall did not come out of nowhere.
Two major global factors triggered this sharp correction.
1️. US Tech Selloff
Overnight, the tech-heavy Nasdaq Composite dropped more than 2%.
That decline set the tone for Asian markets. Indian IT stocks tend to track US technology sentiment because:
- A large share of revenue comes from US clients
- Currency movements and US growth outlook directly impact earnings
When US tech weakens, Indian IT feels the pressure almost instantly.
2️. AI-Led Disruption Fears
Another major concern shaking investor confidence is AI-driven automation.
The launch of Anthropic’s AI platform Claude intensified fears that:
- Tasks may get automated faster
- Project timelines may shrink
- Labour-intensive outsourcing models could face structural shifts
Indian IT companies traditionally operate on a headcount-based delivery model. If automation reduces people required per project, revenue growth may get impacted.
Markets are reacting to that possibility.
Structural Shift Concerns in the IT Sector
There’s growing debate around how artificial intelligence could change the dynamics of Indian IT services.
Concerns revolve around:
- Reduced billing hours
- Faster coding cycles
- Automation of routine-heavy work
- Efficiency gains reducing manpower needs
If productivity improves dramatically, the requirement of large teams could decline.
That’s where the worry lies.
This is not an immediate earnings shock. It’s more about the long-term business model transition.
US Inflation Data and Rate Cut Fears Add Pressure
Investors are also watching US macro data closely.
Earlier in the week:
- Strong US jobs data reduced hopes of an early Federal Reserve rate cut
- Markets now anticipate rates could remain higher for longer
Higher interest rates mean:
- Elevated borrowing costs
- Pressure on corporate IT spending
- Budget tightening among global clients
For Indian IT companies, the US remains the largest revenue contributor. So monetary policy decisions there matter significantly.
Big Tech Spending: $650 Billion AI Race
Another factor influencing sentiment is aggressive AI spending by global tech giants.
According to reports:
- Amazon
- Meta
- Microsoft
Collectively expected to spend around $650 billion in their AI race.
Markets are questioning whether such massive investments will generate adequate returns.
When US Big Tech corrects, it often triggers spillover impact on Indian IT companies.
Stock Market Today: Sentiment Overreaction or Structural Reset?
The current fall reflects sentiment anxiety.
Three sessions. Nearly 12% correction in Nifty IT.
For long-term investors tracking Infosys, TCS to HCL Tech share price, this phase is more about understanding how AI adoption reshapes the industry.
There is still uncertainty around:
- The pace of AI-driven transformation
- Impact on deal flows
- Effect on topline growth
The real operational impact will likely unfold over time.
Company Snapshot: Infosys, TCS and HCL Tech
Infosys
- Among the top IT exporters
- Significant US exposure
- Fell 7.5% in a single session
TCS
- Largest Indian IT services company
- Dropped around 6%
- Often seen as a sector trend indicator
HCL Tech
- Declined nearly 5.5%
- Active in digital transformation deals
These companies are not small players. When they move sharply together, it reflects sector-wide repositioning.
What the Three-Day Fall Signals?
A nearly 12% drop in the Nifty IT index in just three trading sessions indicates:
- Elevated uncertainty
- Global tech sensitivity
- AI-driven structural concerns
- Rate cut expectations fading
It also shows how globally linked Indian IT stocks are.
Domestic cues were not the primary reason. Global triggers dominated.
Summary: Infosys, TCS to HCL Tech Share Price Under Pressure in Stock Market Today
The stock market today reflected heavy selling in IT.
- Nifty IT down over 5%
- Three-day fall of 12%
- Infosys down 7.5%
- TCS down 6%
- HCL Tech down 5.5%
- Nasdaq off more than 2%
The key themes driving this move:
- US tech correction
- AI disruption fears
- Structural business model questions
- Reduced rate cut hopes
Right now, markets are reacting to uncertainty.
The long-term picture will depend on how companies adapt to AI, manage productivity shifts, and sustain deal momentum.
For now, Infosys, TCS to HCL Tech share price are reflecting global anxiety more than company-specific issues.
That’s the pulse of the stock market today.
Source: Livemint
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