Nifty IT Today: Index Falls 1.37% in Opening Trade

Opening Bell update, 17 August 2026:Nifty IT was the top losing sector index in the early session, declining 428.15 points, or 1.37%, to 30,929.60 at 10:00:03 AM IST. The index was trading below its previous close of 31,357.75, while weakness was broad across the displayed IT stocks.

Quick sector takeaways

• Nifty IT today stood at 30,929.60, down 1.37% or 428.15 points from the previous close of 31,357.75.
• The index moved between an intraday high of 31,331.20 and a low of 30,920.60, with the latest level close to the day’s low.
• Breadth was negative: eight of nine displayed stocks declined, while L&T Technology Services edged up 0.01%.
• Mphasis, LTIMindtree, Infosys, TCS and HCL Technologies were among the key stocks under pressure. Traders can watch the index’s position within its intraday range and whether breadth improves.

Nifty IT today: early-session pressure takes hold

Nifty IT today opened at 31,242.40 and remained under pressure in the opening phase of trade. From its previous close of 31,357.75, the sector index had fallen 428.15 points to 30,929.60 at the latest update. In percentage terms, the move was a 1.37% decline.

The reading places the IT gauge among the weakest sectoral pockets in the configured sector-index universe during the early session. The move was not confined to one or two names: the displayed stock set showed eight decliners against one advancer. That distribution gives the index decline a broad participation profile at this stage of trading.

For the latest broader market context, readers can track the Univest Market View. This update focuses on the observed Nifty IT price action and the displayed stocks within the index.

Price snapshot

The index’s latest price of 30,929.60 compared with a previous close of 31,357.75. Its opening level was 31,242.40, which was already below the previous close. Nifty IT then recorded an intraday high of 31,331.20 and an intraday low of 30,920.60.

The gap between the day’s high and low was 410.60 points. At 30,929.60, the index was only 9 points above its intraday low and 401.60 points below its intraday high. This is an observation of the early-session range, rather than a forecast of the next move.

Sector ranking

Nifty IT ranked as the top losing sector index among the configured sector indices at the time of the update. Its 1.37% decline was steeper than the declines recorded by Nifty FMCG, Nifty Bank, Nifty Financial Services and Nifty Mid Select in the same comparison set.

This ranking is based on the actual percentage move in the index during the opening session. It highlights that the IT segment was showing the sharpest relative downside among the configured sector gauges, rather than simply moving lower in isolation.

Constituent breadth

The displayed Nifty IT stock basket showed a clear negative tilt. There were one advancer and eight decliners, with no unchanged stocks among the nine displayed names. The advance-decline ratio was 0.13, reflecting one advancing stock for every eight declining stocks.

L&T Technology Services was the sole positive stock, rising 0.01% to 3,477.10. The other displayed names were in the red, ranging from a limited 0.18% decline in Coforge to a 2.12% fall in Mphasis. This breadth pattern aligned with the sector index’s 1.37% fall.

Heavyweights versus broader participation

Among the listed heavyweight stocks, Coforge fell 0.18%, HCL Technologies declined 1.55%, Infosys slipped 1.66%, and LTIMindtree was down 1.68%. L&T Technology Services was marginally positive at 0.01%.

The supplied active-stock list also included Coforge, HCL Technologies, Infosys, L&T Technology Services and LTIMindtree. Their price changes showed that the opening weakness extended across several closely watched IT names rather than being limited to the sharpest single-stock fall.

Key Nifty IT stocks

Biggest positive movers

L&T Technology Services was the only positive displayed stock, rising 0.30 points, or 0.01%, to 3,477.10 from 3,476.80. During the session, it traded between 3,466.40 and 3,514.00. Its marginal gain contrasted with the wider sectoral decline.

Biggest negative movers

Mphasis led the losers, dropping 53.90 points or 2.12% to 2,491.10. LTIMindtree fell 1.68%, while Infosys and TCS each declined 1.66%. HCL Technologies was down 1.55%. These moves represented the most pronounced declines in the supplied top-loser set and were consistent with the index’s weak early-session reading.

Stocks to watch next session

• Mphasis: Watch whether it trades away from or remains near its session low of 2,488.20 after closing the update at 2,491.10.
• LTIMindtree: Its move from the 4,715.00 opening level to 4,635.60 remains relevant after a 1.68% decline.
• Infosys: The stock was at 1,149.80, close to its intraday low of 1,149.20.
• TCS: It was at 2,321.90 versus an intraday low of 2,320.30.
• HCL Technologies: The stock traded at 1,338.90, with a day low of 1,338.10.
• L&T Technology Services: The sole advancer’s ability to retain a positive change will be worth tracking.

The constructive case

The constructive evidence within the supplied data is limited but visible. L&T Technology Services remained positive, albeit by 0.01%, demonstrating that not every displayed IT stock was under pressure. Coforge’s 0.18% decline was also comparatively contained relative to the larger falls seen in several peers.

Nifty IT was still above its intraday low at the latest reading. The index had moved 9 points above the low of 30,920.60 by 10:00:03 AM IST. Investors monitoring the sector can assess whether this distance from the low expands as trading develops and whether more stocks shift into positive territory.

The cautious case

The cautious case is defined by the index decline, the sector ranking and breadth. Nifty IT was down 1.37%, the largest fall among the configured sector indices, while eight of nine displayed stocks were lower. The index was also trading near its intraday low, indicating that the early session had not yet produced a substantial recovery from the day’s weakest level.

Several major displayed names were down by more than 1.5%, including LTIMindtree, Infosys, TCS and HCL Technologies. Mphasis was down more than 2%. These are factual opening-session readings, and subsequent movement may change as the trading day progresses.

Univest Insights

Nifty IT today has opened with a distinctly negative profile: the index is lower, it is the top losing sector index in the configured comparison, and declining stocks outnumber advancing stocks by eight to one. Together, these measures give a concise view of sector-wide pressure at the 10:00 AM IST update.

The day’s range is important because the latest index level sits close to the low. A move within that range, combined with changes in the displayed advance-decline count, can offer a more complete read on whether the early weakness is broadening or moderating.

At the stock level, Mphasis, LTIMindtree, Infosys, TCS and HCL Technologies shaped the negative side of the update, while L&T Technology Services provided the only positive reading. The contrast makes stock-by-stock tracking relevant even when the sector benchmark remains under pressure.

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

Published on 17 August 2026 at 10:03 AM IST

Frequently asked questions

What is Nifty IT today?

Nifty IT was at 30,929.60 at 10:00:03 AM IST on 17 August 2026, down 428.15 points or 1.37% from its previous close.

Why was Nifty IT the top losing sector index?

Its 1.37% decline was the steepest percentage fall among the configured sector indices in the supplied opening-session comparison.

What were Nifty IT’s intraday high and low?

The index recorded an intraday high of 31,331.20 and an intraday low of 30,920.60.

How was Nifty IT breadth in the opening session?

Among nine displayed stocks, one advanced and eight declined, while none were unchanged.

Which Nifty IT stock gained today?

L&T Technology Services was the sole positive displayed stock, rising 0.01% to 3,477.10.

Which stock was the biggest Nifty IT loser today?

Mphasis was the biggest displayed loser, falling 2.12% to 2,491.10.