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Nifty IT Index Tanks 10% in 2026 Amid Sector Weakness
Nifty IT drops 10% in 2026 amid global demand concerns and sustained selling in major IT stocks.
The Nifty IT index has fallen nearly 10% in 2026 as heavyweight stocks such as HCL Tech, TCS, and Infosys remain under sustained pressure. Weak global client spending trends, currency volatility, and concerns over AI-led cost disruption have weighed on investor sentiment. Persistent institutional selling has deepened losses across technology counters. Analysts advise selective accumulation while closely tracking US demand recovery and deal pipeline visibility.