Nifty IT Today Falls 0.56%: Early-Session Sector Update
- August 12, 2026
- Posted by: Harsh Piplani
- Category: News
Nifty IT today opened under pressure on 12 August 2026, with the sector index trading lower in the early session. As of 10:00:00 AM IST, Nifty IT stood at 31,643.95, down 179.20 points or 0.56% from its previous close of 31,823.15. The opening-hour picture was broadly weak across the displayed stocks, although Tech Mahindra remained in positive territory.
Quick sector takeaways
- Nifty IT was down 0.56% at 31,643.95, compared with the previous close of 31,823.15.
- The index moved between an intraday high of 31,822.65 and a low of 31,627.10, placing the latest level close to the session low.
- Breadth was negative: eight of nine displayed stocks declined, while one advanced and none were unchanged.
- LTIMindtree, Mphasis, Coforge, TCS and L&T Technology Services were among the key stocks under pressure; Tech Mahindra was the sole displayed gainer. Watch whether the index can move away from its early low and whether breadth improves.
Nifty IT today: early-session pressure persists
The nifty it today reading reflects a 179.20-point decline from the previous close. The index opened at 31,813.60, only modestly below the prior close, but subsequently moved lower to 31,627.10. At 31,643.95, it was 16.85 points above the day’s low and 178.70 points below the day’s high.
This price action shows that the sector was lower in the opening hour rather than merely opening weak and recovering immediately. The latest value also remained below the opening level by 169.65 points. The index high of 31,822.65 was marginally below the previous close of 31,823.15, while the day low marked the lower end of the morning range.
For readers tracking sector moves during the trading day, the focus is on the actual index level, its distance from the day’s range extremes, and the participation among displayed stocks. In this instance, the index decline and the negative breadth point in the same direction during the early session.
Price snapshot
| Metric | Value |
|---|---|
| Last traded price | 31,643.95 |
| Previous close | 31,823.15 |
| Change | -179.20 points (-0.56%) |
| Day open | 31,813.60 |
| Day high | 31,822.65 |
| Day low | 31,627.10 |
The session range was 195.55 points between the high and low. With the index trading near the lower end of that range at the latest update, the immediate price picture remained softer than the opening level. These levels are a snapshot of the early session at 10:00:00 AM IST and can change as trading progresses.
Sector ranking
Nifty IT was the second top losing sector index among the configured sector indices in the early session. Its 0.56% fall was narrower than Nifty FMCG’s 0.77% decline, but steeper than the declines in Nifty Pharma (-0.53%), Nifty Mid Select (-0.42%), Nifty Financial Services (-0.34%) and Nifty Auto (-0.18%).
The ranking places IT among the weaker parts of the tracked sector basket at this point in the session. By contrast, Nifty Metal was up 0.47% and Nifty Bank was up 0.29%. This comparison is limited to the configured sector indices and is intended to show the relative position of IT during the opening hour.
Constituent breadth
Sector breadth was clearly tilted lower among the nine displayed Nifty IT stocks. Eight stocks declined, one advanced and none were unchanged, producing an advance-decline ratio of 0.13. That means the early weakness was spread across most of the displayed names rather than being confined to a single stock.
Tech Mahindra was the sole displayed advancer, rising 0.50% to 1,651.20. The remaining displayed stocks were in the red, including IT services names across the group. Breadth does not measure the size of each company’s influence on the index, but it is a useful read on how widely the morning move was reflected across the sector.
Heavyweights versus broader participation
The supplied heavyweight selection was uniformly lower in the early session. Coforge fell 0.97%, L&T Technology Services declined 0.71%, Infosys lost 0.51%, HCL Technologies slipped 0.27%, and LTIMindtree dropped 1.39%. This set of declines aligned with the broader negative breadth reading.
The supplied active-stock selection also featured Coforge, HCL Technologies, Infosys, L&T Technology Services and LTIMindtree. All five were lower at the latest update. Their inclusion in both the heavyweight and active selections keeps attention on these names while assessing whether the sector’s early pressure persists or moderates later in the session.
Key Nifty IT stocks
| Stock | Move | Why it matters |
|---|---|---|
| LTIMindtree | -1.39% to 4,782.80 | It was the largest percentage decliner among the displayed stocks. |
| Mphasis | -1.21% to 2,499.30 | It was among the sharpest early declines in the sector. |
| Coforge | -0.97% to 1,801.30 | It appeared in the supplied heavyweight and active-stock selections. |
| TCS | -0.80% to 2,426.20 | Its decline added to the broad-based negative tone. |
| Tech Mahindra | +0.50% to 1,651.20 | It was the only displayed stock trading higher. |
Biggest positive movers
Tech Mahindra was the only displayed positive mover, gaining 8.20 points, or 0.50%, to 1,651.20. It opened at 1,654.00, touched a high of 1,657.00 and a low of 1,648.00. The stock’s gain provided a counterpoint to an otherwise negative sector screen, but the breadth count remained firmly in favour of declines.
Biggest negative movers
LTIMindtree led the displayed losers, falling 67.20 points or 1.39% to 4,782.80 after trading between 4,850.00 and 4,778.00. Mphasis followed with a 1.21% decline to 2,499.30, while Coforge fell 0.97% to 1,801.30. TCS and L&T Technology Services were also lower by 0.80% and 0.71%, respectively.
These are early-session observations, not explanations for the moves. The common feature across these names was that each traded below its previous close at the latest update.
Stocks to watch next session
- LTIMindtree: Watch its position relative to the morning low of 4,778.00 after the sector’s steepest displayed percentage fall.
- Mphasis: It traded at 2,499.30, close to its day low of 2,498.20.
- Coforge: The stock was at 1,801.30 after touching 1,799.30 intraday.
- TCS: It was down 0.80% at 2,426.20 and traded near its day low of 2,424.50.
- Infosys: It was lower by 0.51% at 1,184.60, with an intraday low of 1,183.00.
- Tech Mahindra: Its ability to retain positive territory will remain relevant given its status as the sole displayed gainer.
The constructive case
The constructive evidence in the opening-hour data is narrow but visible. Tech Mahindra remained positive, rising 0.50%, while Nifty IT was still above its intraday low by 16.85 points at the latest update. The index also opened close to the previous close before the decline developed, showing that the early session included levels near 31,823.
A constructive shift would be visible through price movement away from the day low and improved participation across displayed stocks. For now, these are observations to monitor rather than a directional conclusion.
The cautious case
The cautious case is stronger in the current snapshot. Nifty IT was down 0.56%, ranked as the second top losing configured sector index, and traded close to its intraday low. Eight of nine displayed stocks were lower, including every stock in the supplied heavyweight selection.
The leading declines in LTIMindtree, Mphasis and Coforge, alongside losses in TCS, L&T Technology Services and Infosys, show broad early pressure. The key question during the rest of the session is whether this breadth remains similarly negative or begins to improve.
Univest Insights
The early-session reading for nifty it today is defined by alignment between the index move and stock breadth. A 0.56% index decline alongside eight decliners out of nine displayed stocks offers a clearer picture of sector-wide pressure than an index move alone.
The price range is equally relevant. Nifty IT traded from 31,822.65 to 31,627.10, and the latest level of 31,643.95 was near the lower end. Monitoring the index’s relationship with this morning range can help frame the evolving intraday picture.
At the stock level, LTIMindtree and Mphasis were the largest displayed percentage losers, while Tech Mahindra was the lone gainer. This contrast highlights that positive participation existed, but was limited in the opening hour.
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Published on 12 August 2026 at 10:06 AM IST
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Frequently asked questions
What is Nifty IT today?
As of 10:00:00 AM IST on 12 August 2026, Nifty IT was at 31,643.95, down 179.20 points or 0.56% from the previous close.
What was the Nifty IT previous close?
Nifty IT closed previously at 31,823.15.
What was the Nifty IT intraday range today?
The index recorded a day high of 31,822.65 and a day low of 31,627.10 in the early session.
Why is Nifty IT among the weaker sector indices today?
Nifty IT was the second top losing sector index among the configured sector indices, down 0.56% at the latest update.
Which Nifty IT stock gained in the early session?
Tech Mahindra was the sole displayed gainer, up 0.50% to 1,651.20.
How was Nifty IT breadth today?
Among nine displayed stocks, one advanced, eight declined and none were unchanged.
Disclaimer
Investments in securities markets are subject to market risks. Read all related documents carefully before investing. This sector-index update is for informational and educational purposes only and is not personalized investment advice or a recommendation to buy, sell, or hold any security.
