IT Stocks Under Pressure: Coforge, Wipro, Infosys, and Peers Slide Amid Global Concerns

Market Performance: Indices Turn Red Amid Global Tensions

Indian equity markets saw sharp selling pressure on July 31, with IT, metal, and realty stocks tumbling up to 4%.

• Sensex fell by 460 points, trading around 81,022
• Nifty slipped by 141 points, hovering near 24,714
• Sectoral indices dropped more than 1% each

The bearish sentiment followed two key developments:

1. US President Donald Trump’s 25% tariffs and penalty on India
2. The Federal Reserve's FOMC keeping interest rates steady at 4.25%–4.5%

IT Sector Slide: Heavyweights Coforge, Wipro, Infosys Drag Down Nifty IT

The Nifty IT index dropped by 1%, sliding to 35,161, and snapping its two-day gaining streak.

Top Losers in Nifty IT:

• Coforge share price fell nearly 2%
• Wipro share price also declined around 2%
• Infosys, Mphasis, and Tata Consultancy Services (TCS) lost over 1% each
• Persistent Systems, Tech Mahindra, and HCL Tech were down with marginal losses

This consistent decline follows TCS’s recent announcement of major layoffs, triggering concerns across the IT sector.

Company-Wise Snapshot

Coforge Share Price

• Dropped nearly 2%
• Faces continued pressure from industry-wide slowdown signals

Wipro Share Price

• Declined by almost 2%
• Reacting in tandem with broader tech sentiment

Infosys Share Price

• Down by over 1%
• Struggling to gain traction amid global client uncertainties

Mphasis Share Price

• Slid more than 1%
• Joins the list of IT firms weighed down by demand softness

Tata Consultancy Services (TCS) Share Price

• Fell over 1%
• Recently initiated layoffs, shaking market confidence

Persistent Systems Share Price

• Recorded marginal losses
• Reflects broader IT index weakness

Tech Mahindra Share Price

• Marginally lower
• Reflecting subdued investor sentiment

HCL Tech Share Price

• Traded in the red with slight losses
• Follows industry peers in muted performance

Broader Market Reaction: Metal & Realty Stocks Also in Decline

Nifty Metal Index

• Fell nearly 1%, trading around 9,331
• Hindustan Copper plunged over 4%
• Other key losers: Adani Enterprises, NMDC, Hindustan Zinc, and Jindal Steel

Nifty Realty Index

• Dropped over 1%, standing at 907
• Sobha, Oberoi Realty, Phoenix Mills, and Raymond saw declines of up to 2%
• DLF, Prestige Estates, and Brigade Enterprises also ended in the re

Summary

IT stocks, including Coforge, Wipro, Infosys, TCS, Mphasis, Persistent Systems, Tech Mahindra, and HCL Tech, witnessed a broad-based fall on July 31. The slump followed Trump’s tariff imposition on India and uncertainty over global monetary policy.

With the Nifty IT index losing 1%, and other sectors like metal and realty extending their losses, investor caution remains elevated. The near-term outlook for tech stocks continues to be shaped by global developments and demand-side challenges.