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Nifty IT Index Plunges Over 2% to Near 3-Year Low; Wipro, Infosys, TCS Lead Nifty Declines
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Nifty IT Plunges Over 2% to 3-Year Low; Wipro, Infosys, TCS Lead Losses
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Moneycontrol
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17-03-2026, 09:59
Nifty IT Plunges Over 2% to 3-Year Low; Wipro, Infosys, TCS Lead Losses
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Nifty IT index fell 2.33% on Tuesday, nearing a three-year low, making it the worst-performing sectoral index.
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Major IT stocks like Wipro (over 3%), Infosys (2.2%), HCL Technologies (2.1%), TCS (1.8%), and Tech Mahindra (1.2%) were top Nifty losers.
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Coforge plunged over 5% on the BSE Midcap, indicating broad-based selling in IT and tech services.
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Decline attributed to global demand outlook, geopolitical tensions, and FII selling, ahead of US Fed policy meeting.
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Weakness persists despite a weaker rupee, as global risk-off sentiment weighs on investor confidence.
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