Nifty IT today: Index falls 1.29% in early trade

Opening Bell update, 2 September 2026:Nifty IT was down 407.80 points, or 1.29%, at 31,088.90 in the early session, compared with its previous close of 31,496.70. The move placed the technology gauge among the weaker configured sector indices at 10:00:00 AM IST.

Quick sector takeaways

• Nifty IT today stood at 31,088.90, down 1.29% or 407.80 points from 31,496.70.
• The index moved between 30,668.10 and 31,234.05 during the session so far, after opening at 31,164.30.
• All nine display-safe stocks were in the red: there were no advancers, nine decliners and no unchanged stocks.
• Infosys, L&T Technology Services, Coforge, HCL Technologies and Tech Mahindra were among the notable decliners. Investors can watch whether the index holds above its session low and how constituent breadth evolves.

Nifty IT today: early-session pressure persists

Nifty IT opened at 31,164.30 and traded lower in the opening phase on 2 September. At 31,088.90, it was below both its opening level and the previous close of 31,496.70. The 407.80-point decline reflects the actual movement in the sector index at the stated time.

The index did recover from its intraday low of 30,668.10, but remained below the day’s high of 31,234.05. This leaves the opening-bell picture cautious: the index had regained some ground from the low, while the broader early-session reading stayed negative. For a live sector overview alongside other market developments, readers can follow Univest Market View.

Price snapshot

The day’s range spans 565.95 points between the high and low. The LTP was 420.80 points above the low and 145.15 points below the high, showing that the index had moved away from its weakest level without returning to the session high. These are intraday observations rather than forecasts.

Sector ranking

Among the configured sector indices, Nifty IT was the second top losing sector index in the early session. Nifty Auto was lower by 2.20%, while Nifty IT’s 1.29% fall ranked next among the declines. This ranking is based on the percentage moves recorded at 10:00:00 AM IST and provides context for the relative scale of the IT index’s fall within the configured sector set.

The ranking should be read as a snapshot rather than a full-day outcome. With the market session still underway, sector positions and individual stock moves can change through the day.

Constituent breadth

The available display-safe breadth was uniformly negative. All nine displayed Nifty IT stocks declined, with no advancers and no unchanged stocks. That 0-to-9 advance-decline split indicates that the index weakness was spread across the displayed names rather than being confined to a small group.

The declines ranged from 0.34% in LTIMindtree to 1.37% in Infosys. Such a spread is useful for reading participation: the sector index was lower, and each displayed stock also traded below its previous close at this point in the session.

Heavyweights versus broader participation

The supplied heavyweight group also reflected the sector’s negative tone. Coforge was down 1.26% at Rs. 1,963.80, HCL Technologies fell 1.22% to Rs. 1,334.90, Infosys declined 1.37% to Rs. 1,140.20, and L&T Technology Services was lower by 1.35% at Rs. 3,539.20. LTIMindtree was down 0.34% at Rs. 4,609.50.

The supplied closely tracked names included Coforge, HCL Technologies, Infosys, L&T Technology Services and LTIMindtree. Their moves were all negative, consistent with the wider breadth picture. Readers tracking individual price action can review Infosys, HCL Technologies and Coforge on Univest.

Key Nifty IT stocks

Biggest negative movers

Infosys led the displayed declines with a 1.37% fall. L&T Technology Services followed at 1.35%, while Coforge lost 1.26%. HCL Technologies and Tech Mahindra were lower by 1.22% and 1.21%, respectively. The clustering of these moves near or above a 1% decline reinforced the negative early-session sector reading.

At the same time, the price ranges show variation in intraday movement. Infosys traded from Rs. 1,118.60 to Rs. 1,142.90, while Tech Mahindra moved between Rs. 1,604.50 and Rs. 1,637.20. Price-range positioning is an observation of the session so far, not an explanation for the moves.

Stocks to watch next session

• Infosys: It was the biggest displayed percentage decliner and ended the update at Rs. 1,140.20.
• L&T Technology Services: It traded at Rs. 3,539.20 after a 1.35% decline.
• Coforge: Its LTP was Rs. 1,963.80, down 1.26%.
• HCL Technologies: It was at Rs. 1,334.90, down 1.22%.
• Tech Mahindra: It stood at Rs. 1,618.10, down 1.21%.
• LTIMindtree: At Rs. 4,609.50, it had the smallest displayed decline at 0.34%.

The constructive case

Constructive evidence in the early numbers is limited to intraday positioning rather than a positive close-to-close move. Nifty IT remained 420.80 points above its day low at the update time, indicating a recovery from 30,668.10. The LTP was also nearer to the day high than to the day low.

At stock level, Infosys traded above its opening level of Rs. 1,137.70 at the stated LTP, while Tata Consultancy Services and LTIMindtree were also above their respective opening levels. These observations show that some names had moved up from their opening prices even as all displayed stocks remained lower versus their previous closes.

The cautious case

The cautious case is clearer in the breadth and index comparison. Nifty IT was down 1.29%, held below its opening level and previous close, and ranked as the second top losing configured sector index. All nine displayed stocks were declining, with no positive or unchanged names.

Several key names were down by more than 1%, including Infosys, L&T Technology Services, Coforge, HCL Technologies, Tech Mahindra and Wipro. The persistence of this broad negative participation will remain important to track as the session develops.

Univest Insights

The opening-bell read for nifty it today is one of broad-based pressure. The index’s fall was accompanied by negative moves across every displayed stock, making breadth a central part of the early-session assessment.

The 30,668.10 to 31,234.05 range offers a clear record of the day’s trading so far. The rebound from the low is notable, but the LTP of 31,088.90 still places the index below the opening level and below the previous close.

For stock-specific tracking, the displayed declines in Infosys, L&T Technology Services, Coforge, HCL Technologies and Tech Mahindra merit attention because they were among the largest percentage falls in the group. Meanwhile, LTIMindtree’s relatively smaller 0.34% decline provides a useful contrast within an otherwise negative set of displayed moves.

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

Published on 2 September 2026 at 10:05 AM IST

Frequently asked questions

What is Nifty IT today?

Nifty IT was at 31,088.90 at 10:00:00 AM IST on 2 September 2026, down 407.80 points or 1.29% from the previous close.

What was the Nifty IT previous close?

The previous close for Nifty IT was 31,496.70.

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

Nifty IT’s day high was 31,234.05 and its day low was 30,668.10 at the time of this update.

Why was Nifty IT among the weaker sector indices?

Nifty IT was down 1.29%, making it the second top losing sector index among the configured sector indices in this early-session snapshot.

Which Nifty IT stocks fell the most?

Among displayed stocks, Infosys fell 1.37%, L&T Technology Services declined 1.35%, and Coforge was down 1.26%.

How was the Nifty IT breadth today?

All nine displayed stocks were declining, with no advancers and no unchanged stocks at 10:00:00 AM IST.