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Nifty IT Index Tanks 10% in 2026 as Major Tech Stocks Slide
Nifty IT index falls sharply as major tech stocks decline.
HCL Tech, TCS and Infosys led a sharp decline in IT counters as the Nifty IT index plunged nearly 10% in 2026. Weak global cues, cautious client spending and persistent AI-led margin concerns weighed heavily on investor sentiment. Market participants noted that valuation pressures have intensified amid earnings uncertainties. Analysts advise selective accumulation only after clarity emerges on US demand trends and sector profitability outlook.