The mood in the stock market today was cautious.
IT counters were under visible pressure.
Heavyweights like Infosys, Tata Consultancy Services, HCLTech, Wipro, LTIMindtree, and Mphasis all traded in the red.
The selling wasn’t aggressive, but it was steady. And that was enough to drag the entire IT pack lower.
This is how the IT share price trend shaped up through the session.
Market Performance: IT Pack Extends Monthly Losses
The Nifty IT index slipped 1.33%, losing nearly 400 points in intraday trade.
That decline adds to an already weak month. On a month-to-date basis, the index has fallen 19.5%.
For investors tracking Mphasis, Infosys, Wipro, LTIMindtree, Tata Consultancy Services, and HCLTech share price, today’s move only added to the cautious undertone.
Key Stock Moves in IT:
- Mphasis share price fell 2.5% to ₹2,314.30
- Infosys share price declined nearly 2%
- Wipro share price dropped close to 2%
- LTIMindtree share price slipped up to 1.2%
- Tata Consultancy Services share price eased up to 1.2%
- HCLTech share price also moved lower by up to 1.2%
The pressure was broad-based. No major IT name was spared.
In the stock market today, when large-cap IT stocks weaken together, the impact is felt across indices.
Main News: AI Disruption Continues to Weigh on IT Stocks
The core concern remains the same — artificial intelligence-led disruption.
The conversation in the market isn’t about one quarter.
It’s about structural change.
The IT industry is going through a shift. AI tools are reshaping outsourcing, automation, and service models. Investors are still recalibrating what this means for traditional IT revenue visibility.
Because of this backdrop, IT stocks continue to see pressure.
The sector has already corrected 16% year-to-date. Yet, broader sentiment suggests risk factors remain in play.
In simple terms:
- Growth visibility is being reassessed
- Earnings assumptions are being trimmed
- Valuations are under scrutiny
This has kept buyers cautious in counters like Infosys, TCS, HCLTech, Wipro, LTIMindtree, and Mphasis.
Company-by-Company Snapshot: Where Each IT Major Stands?
Let’s quickly break down how each of the major stocks reacted in the stock market today.
Mphasis Share Price
Mphasis was the top loser in the IT pack.
The stock declined 2.5% to ₹2,314.30 during the session.
The fall was sharper compared to peers, making it the weakest performer among frontline IT stocks.
Infosys Share Price
Infosys slipped nearly 2%.
Being one of the index heavyweights, even a 2% decline had a visible impact on overall IT sentiment.
Wipro Share Price
Wipro also fell close to 2%.
The stock mirrored the weakness seen across large-cap IT counters.
Tata Consultancy Services Share Price
Tata Consultancy Services, India’s largest IT company, dropped up to 1.2% in intraday trading.
Even relatively smaller percentage declines in TCS tend to influence market mood due to its heavyweight status.
HCLTech Share Price
HCLTech edged lower by up to 1.2%.
The stock traded in line with other frontline IT peers, reflecting sector-wide caution.
LTIMindtree Share Price
LTIMindtree also slipped up to 1.2%.
The decline indicates that investors are not differentiating much at this stage — weakness is broad-based.
Sector-Level Numbers: What the Data Shows?
Here’s a quick data recap shaping IT stocks today:
- Nifty IT down: 1.33% (around 400 points)
- Month-to-date fall: 19.5%
- Year-to-date correction: 16%
- EPS estimate revisions: 1–4% lower
- Long-term EPS growth expectation (large-cap IT): ~6% CAGR for FY26–28
These numbers are driving the narrative.
The focus has shifted from short-term quarterly earnings to long-term business outlook.
Why IT Stocks Are Facing Sustained Pressure?
The IT sector traditionally thrives on:
- Stable global tech spending
- Long-term outsourcing deals
- Margin stability
- Dollar revenue momentum
But artificial intelligence is changing execution models.
Companies are adapting. Clients are experimenting. Contracts are evolving.
In this environment, the market is repricing risk.
Valuations are also being compared with global peers, and that adds another layer of scrutiny.
When earnings growth expectations are moderated and valuation multiples compress, the stock reaction often turns cautious — which is exactly what we are seeing in Mphasis, Infosys, Wipro, LTIMindtree, Tata Consultancy Services, and HCLTech share price today.
Stock Market Today: Broader Sentiment Check
The broader stock market today was not in panic mode.
But IT was clearly an underperformer.
Investors appeared selective. Defensive positioning was visible. Risk appetite toward technology counters remained muted.
When a sector corrects nearly 20% in a month, volatility naturally increases. Short-term bounces may happen. But conviction buying becomes measured.
That’s the phase IT stocks appear to be navigating right now.
Summary: IT Stocks Extend Weakness as AI Overhang Persists
To sum it up:
- IT stocks fell up to 2.5% in intraday trade
- Nifty IT declined 1.33%, down 19.5% for the month
- Mphasis emerged as the top loser
- Infosys, Wipro declined nearly 2%
- TCS, HCLTech, LTIMindtree slipped up to 1.2%
- EPS estimates have been lowered by 1–4%
- Large-cap IT earnings growth pegged at ~6% CAGR for FY26–28
The key takeaway from the stock market today is simple.
The IT sector remains under pressure as the market reassesses growth expectations in a changing technology landscape.
For now, Mphasis, Infosys, Wipro, LTIMindtree, Tata Consultancy Services, and HCLTech share price will likely stay closely tied to how investors interpret long-term business visibility in an AI-driven world.
No noise. Just evolving realities.
And the market is adjusting accordingly.
Source: Livemint
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