Nifty IT Today Falls 0.96% in Early Trade: Key Stocks in Focus

Quick sector takeaways

• Nifty IT was down 0.96%, or 299.25 points, at 30,803.65 in the early session on 3 September 2026.
• The index was below its previous close of 31,102.90, after trading between 31,185.70 and 30,621.65 during the session so far.
• Breadth was negative among nine displayed stocks: one advanced and eight declined. Coforge, HCL Technologies, Mphasis, Tech Mahindra and Infosys were among the notable laggards, while Wipro was marginally higher.
• For nifty it today, the immediate watch is whether the index can move away from its session low and whether the negative breadth narrows as trading progresses.

Nifty IT today: early-session pressure in focus

Nifty IT today reflected early-session pressure, trading at 30,803.65 at 10:00:00 AM IST on 3 September 2026. The index was lower by 299.25 points, or 0.96%, from its previous close of 31,102.90. It opened at 31,180.80 and briefly reached 31,185.70 before moving lower through the morning.

The index level remained above the day low of 30,621.65 at the update, but it was also materially below the day high. That intraday range shows that the selling was visible early in the session. The move places Nifty IT as the leading loser among the configured sector indices in this update.

At the stock level, the weakness was broad across the displayed IT names. Coforge fell 1.24%, HCL Technologies declined 1.12%, Mphasis was down 1.07%, Tech Mahindra lost 1.05% and Infosys slipped 1.03%. Wipro, up 0.03%, was the only displayed gainer.

Price snapshot

The early price action offers a clear numerical view of the sector index move. Nifty IT began at 31,180.80, marginally above the previous close of 31,102.90, and recorded an intraday high of 31,185.70. It subsequently declined to 30,621.65 before standing at 30,803.65 at the stated update time.

The index was 181.50 points above its day low and 382.05 points below its day high at the time of the update. These are observations from the early trading range, rather than forecasts of the next move.

Sector ranking

Nifty IT ranked as the top losing sector index among the configured indices tracked in this update. Its 0.96% decline was steeper than the declines in Nifty FMCG, down 0.35%, and Nifty Auto, down 0.21%. In contrast, Nifty Financial Services gained 1.05%, Nifty Bank added 0.90%, Nifty Mid Select rose 0.56%, Nifty Metal gained 0.48% and Nifty Pharma edged up 0.05%.

This ranking makes the IT index move notable in the opening phase because it diverged from several of the other configured sector indices, which were trading higher. The ranking is based on the percentage changes visible at 10:00:00 AM IST.

Constituent breadth

The displayed breadth supported the weaker index reading. Of the nine displayed Nifty IT stocks, eight were in the red and one was higher, with no unchanged stocks. The advance-decline ratio stood at 0.13, underscoring that declines were spread across most of the displayed names rather than concentrated in a single stock.

The result was a broadly negative early-session tone. Coforge, HCL Technologies, Mphasis, Tech Mahindra, Infosys, LTIMindtree, L&T Technology Services and Tata Consultancy Services were all lower. Wipro held a modest gain of 0.03%, keeping it as the sole displayed positive mover.

Heavyweights versus broader participation

The set of named heavyweight stocks also showed a negative pattern. Coforge was down 1.24% at 1,941.30, HCL Technologies declined 1.12% to 1,316.60, Infosys fell 1.03% to 1,128.30, LTIMindtree lost 0.96% to 4,544.00 and L&T Technology Services was down 0.82% at 3,476.20.

The named active stocks showed a similar direction: Coforge, HCL Technologies, Infosys, L&T Technology Services and LTIMindtree were all lower. This alignment between the named heavyweight and active groups matched the broader negative breadth across displayed sector stocks.

Key Nifty IT stocks

Biggest positive movers

Wipro was the sole displayed gainer, up 0.06 points or 0.03% at 177.15, compared with 177.09 previously. The stock traded between 176.35 and 177.78 during the session so far. Its small gain provided limited counterbalance to the declines elsewhere in the index.

Biggest negative movers

Coforge led the displayed declines, falling 24.40 points or 1.24% to 1,941.30. HCL Technologies was down 14.90 points or 1.12% at 1,316.60, while Mphasis declined 26.60 points or 1.07% to 2,453.40. Tech Mahindra fell 17.10 points or 1.05% to 1,605.90, and Infosys was lower by 11.70 points or 1.03% at 1,128.30.

LTIMindtree, down 0.96%, L&T Technology Services, down 0.82%, and Tata Consultancy Services, down 0.73%, extended the negative spread across the displayed pack.

Stocks to watch next session

Investors tracking the sector can monitor Coforge, HCL Technologies, Mphasis, Tech Mahindra, Infosys and Wipro. Coforge remained the largest displayed percentage loser, while HCL Technologies, Mphasis, Tech Mahindra and Infosys each fell by more than 1%. Wipro merits attention as the only displayed stock holding a marginal gain.

Price positioning within the day range is also worth observing. Coforge traded at 1,941.30 versus its intraday low of 1,921.80; HCL Technologies stood at 1,316.60 versus 1,308.00; and Infosys traded at 1,128.30 versus 1,122.50. These levels describe the session so far and do not constitute buy or sell advice.

The constructive case

The constructive evidence within the available early-session data is limited but identifiable. Nifty IT was above its intraday low of 30,621.65 at the update, indicating that it had moved 181.50 points away from that low. Wipro also remained positive, albeit by 0.03%.

Several individual stocks were likewise above their session lows at the stated time. The relevant signal for a more constructive intraday reading would be whether these observations develop into a broader improvement in the displayed advance-decline mix.

The cautious case

The cautious case is defined by the index decline, its position below the previous close and the breadth profile. Nifty IT was down 0.96%, making it the top losing configured sector index, while eight of nine displayed stocks traded lower. The index was also much closer to its day low than its day high at the time of the update.

Large displayed declines in Coforge, HCL Technologies, Mphasis, Tech Mahindra and Infosys added to this cautious picture. The key factual markers remain the index range, the previous-close comparison and whether the displayed sector breadth changes during the rest of the session.

Univest Insights

Nifty IT today opened near 31,180.80, made an early high of 31,185.70 and then moved lower to 30,803.65 by 10:00:00 AM IST. The 299.25-point decline from the previous close captures the sector’s early-session underperformance among the configured indices.

The breadth reading is important because it gives context to the index move. With one displayed advancer against eight decliners, the early pressure was widely distributed across the displayed IT names. Wipro’s small positive move stood apart from an otherwise negative group.

For readers following individual stocks, Coforge, HCL Technologies, Mphasis, Tech Mahindra and Infosys were the key early decliners by percentage move, while LTIMindtree, L&T Technology Services and Tata Consultancy Services also traded lower. Track the latest sector figures through Univest Market View.

As the session evolves, the index’s location within the 30,621.65 to 31,185.70 range and the direction of displayed stock breadth will remain the most direct indicators of whether early pressure is persisting or easing. For traders and investors, the key signal to watch is…

Published on 3 September 2026 at 10:03 AM IST

Frequently asked questions

What is Nifty IT today?

Nifty IT was at 30,803.65 at 10:00:00 AM IST on 3 September 2026, down 299.25 points or 0.96% from its previous close of 31,102.90.

Why was Nifty IT the top losing sector index?

Its 0.96% decline was the largest fall among the configured sector indices in this update.

What were the Nifty IT day high and day low?

The day high was 31,185.70 and the day low was 30,621.65.

How was Nifty IT breadth in early trade?

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

Which Nifty IT stocks fell the most?

Coforge fell 1.24%, followed by HCL Technologies at 1.12%, Mphasis at 1.07%, Tech Mahindra at 1.05% and Infosys at 1.03%.

Which Nifty IT stock gained in early trade?

Wipro was the only displayed gainer, rising 0.03% to 177.15.