Nifty IT Today: Index Falls 1.71% in Early Trade

31 August 2026, 10:00 AM IST:Nifty IT was under pressure in the opening session, falling 535.60 points, or 1.71%, to 30,746.10. The index traded below its previous close of 31,281.70, while all nine displayed IT stocks were in the red. This nifty it today update tracks the index’s early range, sector ranking and stock-level participation.

Quick sector takeaways

• Nifty IT declined 1.71% to 30,746.10, down 535.60 points from its previous close of 31,281.70.
• The index opened at 31,225.50, touched an intraday high of 31,277.50 and a low of 30,634.45 in early trade.
• Breadth was uniformly weak: all nine displayed stocks declined, with no advancers or unchanged stocks.
• LTIMindtree, Infosys and Mphasis led the displayed declines. Traders can watch whether the index holds above its early-session low and how broader stock participation develops.

Nifty IT today: early-session pressure persists

Nifty IT today reflected a weak start for the technology basket. The index opened at 31,225.50, already below the previous close, and moved to 30,634.45 during the early session. At 10:00 AM IST, it stood at 30,746.10, which was 111.65 points above the day’s low but still 531.40 points below the day’s high.

The 1.71% fall placed the index among the weaker sectoral benchmarks tracked in the configured universe. The move was accompanied by broad-based declines across the displayed IT names rather than a mixed stock-level picture. That combination makes the early range and the direction of the key names relevant through the rest of the session.

Price snapshot

The index’s high of 31,277.50 was only 4.20 points below the previous close, before the session moved lower. Its subsequent recovery from 30,634.45 to 30,746.10 showed that it was off the intraday low at the stated timestamp, though it remained firmly negative on the day.

Sector ranking

Nifty IT was the second top losing sector index among the configured sector indices at the opening-bell update. Its 1.71% decline was exceeded by Nifty Metal, which fell 2.37%. The move in Nifty IT was steeper than the declines recorded in Nifty Mid Select, Nifty Pharma, Nifty FMCG, Nifty Financial Services, Nifty Bank and Nifty Auto during the same snapshot.

This ranking describes the relative size of the index move within the tracked set. It does not by itself indicate how the sector may trade later in the day; the intraday high, low and breadth remain the immediate observable reference points.

Constituent breadth

The displayed breadth was entirely negative. All nine displayed Nifty IT stocks were decliners, while there were no displayed advancers and no unchanged stocks. Such participation aligned with the index’s 1.71% fall and indicated that the weakness was spread across the available stock list.

Among the displayed names, declines ranged from 0.62% in HCL Technologies to 2.51% in LTIMindtree. The absence of a displayed gainer means the sector did not show a positive counterweight within this early-session snapshot.

Heavyweights versus broader participation

The supplied heavyweight list also showed negative moves across the board. LTIMindtree fell 2.51%, Infosys declined 2.29%, Coforge was down 1.71%, L&T Technology Services lost 1.11%, and HCL Technologies slipped 0.62%.

The supplied active-stock list included Coforge, HCL Technologies, Infosys, L&T Technology Services and LTIMindtree. Each of these named stocks was lower at the timestamp, reinforcing the broad negative tone visible in the sector breadth figures.

Key Nifty IT stocks

Biggest negative movers

LTIMindtree was the biggest displayed loser, down 117.20 points or 2.51% to 4,557.80. Infosys followed with a 26.20-point decline, or 2.29%, to 1,117.80. Mphasis fell 51.40 points, or 2.09%, to 2,403.60, while Wipro declined 1.86% and Coforge lost 1.71%.

These moves were observations from the opening-session price snapshot. LTIMindtree was trading 19.20 points above its day low, while Infosys was 6.70 points above its own intraday low at the stated time.

Stocks to watch next session

• LTIMindtree: Monitor its position relative to the 4,538.60 day low after a 2.51% decline.
• Infosys: Watch its movement after it traded at 1,117.80, versus a 1,111.10 intraday low.
• Mphasis: Its 2.09% fall and 2,387.10 day low are notable reference points.
• Coforge: Track whether it moves away from its 1,971.60 intraday low.
• Tata Consultancy Services: The stock was down 1.20% at 2,313.80 after touching 2,306.20.
• HCL Technologies: It showed the smallest displayed decline, down 0.62% to 1,307.90.

The constructive case

The observable constructive element was that Nifty IT was above its day low at 10:00 AM IST. From 30,634.45, the index recovered 111.65 points to 30,746.10. At the stock level, each of the named shares had a defined intraday range, creating clear price reference points for subsequent trading.

HCL Technologies’ 0.62% decline and Tech Mahindra’s 0.80% decline were smaller than the index’s 1.71% fall. Their relative moves were less severe than the larger declines seen in LTIMindtree, Infosys and Mphasis, although both stocks remained negative.

The cautious case

The index remained 1.71% lower and traded below both its opening level and previous close. Its early-session high of 31,277.50 was below the previous close of 31,281.70, while the low of 30,634.45 highlighted the size of the initial downward move.

Breadth was also cautious: all nine displayed stocks declined. The biggest percentage falls came from LTIMindtree, Infosys and Mphasis, while every named heavyweight in the supplied list was lower. This broad participation keeps attention on whether the index can sustain distance from the day’s low.

Univest Insights

The opening-bell picture for nifty it today is one of index pressure with widespread displayed stock-level weakness. The 535.60-point fall was substantial relative to the previous close, and the negative breadth confirmed that the move was not confined to a small group of names.

The index’s intraday range was 643.05 points, from 30,634.45 to 31,277.50. With the last traded price positioned above the low but below the open, the session’s later direction will determine whether the early recovery develops further or the low is revisited.

For market participants following the sector, the comparison between the sharper declines in LTIMindtree, Infosys and Mphasis and the relatively smaller falls in HCL Technologies and Tech Mahindra provides a useful view of relative early-session performance. Visit Univest Market View for the broader market dashboard.

For traders and investors, the key signal to watch is…

Published on 31 August 2026 at 10:04 AM IST

Frequently asked questions

What is Nifty IT today?

Nifty IT was at 30,746.10 at 10:00 AM IST on 31 August 2026, down 535.60 points or 1.71% from the previous close.

What was the Nifty IT previous close?

The previous close for Nifty IT was 31,281.70.

What were Nifty IT’s day high and day low?

Nifty IT recorded an early-session high of 31,277.50 and a low of 30,634.45.

Why was Nifty IT among the weaker sector indices?

Its 1.71% decline made it the second top losing sector index among the configured sector indices in this opening-bell snapshot.

How was Nifty IT breadth today?

All nine displayed Nifty IT stocks were decliners, with zero advancers and zero unchanged stocks.

Which Nifty IT stocks fell the most?

LTIMindtree fell 2.51%, Infosys declined 2.29%, and Mphasis lost 2.09% in the early-session snapshot.