Nifty IT Plunges Over 2 Percent as Infosys, LTIMindtree and TCS Lead Losses Today
- June 30, 2026
- Posted by: Ankit Jaiswal
- Category: News
Nifty IT down 1.77% to 26,559, day low 26,426 implies near 2.3% intraday fall. Infosys -2.2%, LTIMindtree -2.6%, TCS -2.1% among top laggards.
The Nifty IT index plunged more than 2 percent in intraday trade on Tuesday, with heavyweight constituents Infosys, LTIMindtree and TCS among the top laggards as the sector came under broad based selling pressure. The index touched a day low of 26,425.85, down sharply from the previous close of 27,038.50, before paring some losses to trade around 26,559.40, still down close to 1.8 percent on the day.
The Nifty IT weakness was the single biggest drag on the broader market today, with the Sensex and Nifty 50 both slipping well off their day’s highs as the sector’s heavyweight constituents pulled the indices lower through the session.
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Stocks Behind the Nifty IT Plunge Today
Infosys fell about 2.2 percent to trade around Rs 1,014, with the stock’s intraday low of Rs 1,005.50 slipping below its prior 52 week low, underscoring how sharp the selling pressure has been in the counter. LTIMindtree was the weakest among the large IT names, down around 2.6 percent to trade near Rs 3,591, while TCS declined about 2.1 percent to around Rs 2,054.
The broad based nature of the Nifty IT decline, with all three of the sector’s largest constituents falling in a similar 2 to 2.6 percent range, suggests the selling reflects sector wide concerns rather than any single company specific trigger.
The table below summarises today’s move across key Nifty IT constituents.
| Stock | CMP | Day Change |
|---|---|---|
| Infosys | Rs 1,014 | -2.2% |
| LTIMindtree | Rs 3,591 | -2.6% |
| TCS | Rs 2,054 | -2.1% |
| Nifty IT Index | 26,559 | -1.8% (day low -2.3%) |
Why Is Nifty IT Falling Sharply Today
The Nifty IT sell off comes amid persistent concerns that elevated US interest rates could weigh on global technology spending budgets, a worry that has periodically resurfaced through the year and weighed on Indian IT exporters given their heavy dependence on US client spending. Weak commentary from global IT bellwethers in recent weeks has also kept sentiment fragile heading into the June quarter earnings season. Use the Univest Screener to compare valuation multiples across IT majors before the sector’s results begin.
With Infosys, LTIMindtree and TCS all reporting Q1 FY27 results over the coming weeks, investor focus is likely to shift toward management commentary on deal pipelines, discretionary spending trends and currency movements, all of which could determine whether the current Nifty IT weakness extends or reverses.
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What Should Investors Watch on Nifty IT Now
Investors tracking Nifty IT should watch the upcoming June quarter results closely, particularly commentary around BFSI and retail vertical spending in the US, since these remain the largest revenue contributors for India’s top IT exporters. A weekly close back above the 27,000 level would help stabilise sentiment, while a sustained move below 26,400 could open the door to further weakness toward the next support zone.
Download the Univest iOS App or Univest Android App to track live Nifty IT levels and IT stock prices ahead of earnings season.
Conclusion
The sharp fall in Nifty IT, led by Infosys, LTIMindtree and TCS, has been the key driver behind today’s broader market weakness, reflecting renewed concerns around global technology spending even as the sector heads into a closely watched earnings season. With valuations having corrected meaningfully through the year, investors will be watching management commentary in the coming weeks for signs of stabilisation. Stock price movements are subject to market risk, so investors should consult a SEBI registered advisor before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why did Nifty IT plunge over 2 percent today?
Ans. Nifty IT plunged over 2 percent due to broad based selling across large IT exporters amid concerns that elevated US interest rates could weigh on global technology spending budgets.
Which stocks led the Nifty IT decline today?
Ans. Infosys, LTIMindtree and TCS were among the top laggards, falling between 2 and 2.6 percent each, with the broad based nature of the decline suggesting sector wide rather than stock specific concerns.
What is the current level of Nifty IT?
Ans. The Nifty IT index was trading around 26,559 on 30 June 2026, down about 1.8 percent on the day after touching an intraday low of 26,425.85.
Why is Infosys share price falling today?
Ans. Infosys fell about 2.2 percent amid sector wide selling in IT stocks, with its intraday low slipping below its prior 52 week low level.
When will Infosys, LTIMindtree and TCS report Q1 FY27 results?
Ans. All three companies are scheduled to report their June quarter FY27 results over the coming weeks, which investors will watch closely for commentary on deal pipelines and client spending.
What levels should investors watch for Nifty IT going ahead?
Ans. A weekly close back above the 27,000 level would help stabilise sentiment, while a sustained move below 26,400 could open the door to further near term weakness.
Should investors buy IT stocks after today’s fall?
Ans. Valuations have corrected meaningfully through the year, but this article does not constitute investment advice. Investors should consult a SEBI registered advisor before making any investment decision.
