Nifty IT Today: Index Slips 2.94% in Early Trade

Nifty IT today is under sharp early-session pressure, with the Nifty IT index down 2.94% at 29,005.15 as of 10:00 AM IST on 9 September 2026. The index has fallen 878.30 points from its previous close of 29,883.45, placing it at the bottom of the session’s sector-index performance table.

Quick sector takeaways

• Nifty IT was down 2.94%, or 878.30 points, at 29,005.15 against the previous close of 29,883.45.
• The index opened at 29,299.55, also its intraday high, and moved as low as 28,779.80 in the early session.
• All nine tracked Nifty IT stocks were in the red, with no advancers or unchanged stocks.
• Coforge, Infosys and Tech Mahindra led the declines, while traders can watch the index’s movement around 29,005.15 and the session low of 28,779.80.

Nifty IT today: early-session pressure persists

Nifty IT began the session at 29,299.55 and remained below its previous close from the opening bell. The index subsequently declined to 28,779.80 before trading at 29,005.15 at the stated update time. That places the index 294.40 points below its opening level and 225.35 points above the intraday low.

The early move marks Nifty IT as the steepest sectoral decliner among the tracked NSE sector indices. The weakness was broad across the index’s tracked stocks rather than confined to one name, with each of the nine stocks recording a negative percentage change. For a wider market snapshot, readers can follow the Univest Market View.

Price snapshot

The index’s previous close was 29,883.45. It opened at 29,299.55, which also stands as the day’s high so far, signalling that the session began below the prior closing level. Nifty IT then touched a low of 28,779.80. At 29,005.15, the index was down 878.30 points, or 2.94%, for the session.

The intraday range between the high and low was 519.75 points. While the index was above its session low at the update time, it remained below the opening mark. These levels offer a clear record of the sector’s early trading range without implying a directional forecast for the rest of the day.

Sector ranking

Nifty IT is the top losing sector index in the early session because its 2.94% fall is larger than the decline recorded by every other tracked index. Ordered from the strongest gain to the steepest fall, the complete sector-index ranking is as follows.

The gap between Nifty IT and the next-steepest decline is notable: Nifty Auto was down 0.91%, making the IT index’s fall more than three times as large in percentage terms during this early snapshot.

Constituent breadth

Breadth within Nifty IT was decisively negative. All nine tracked stocks declined, while there were no advancers and no unchanged stocks. This means the index-level weakness was matched by broad participation among the stocks being tracked, rather than a mixed picture of gains and losses.

Coforge was the largest percentage decliner, followed by Infosys and Tech Mahindra. Even the relatively resilient names remained in negative territory, underlining the uniformity of the early-session pressure across this group.

Heavyweights versus broader participation

The weakness extended across prominent Nifty IT names. Coforge declined 5.54%, Infosys fell 3.59%, and HCL Technologies was down 2.84%. L&T Technology Services slipped 0.83%, while LTIMindtree was lower by 0.23%.

The same pattern was visible among closely watched names including Coforge, HCL Technologies, Infosys, L&T Technology Services and LTIMindtree. Their concurrent declines aligned with the negative breadth reading and the 2.94% drop in the sector index.

Key Nifty IT stocks

Biggest negative movers

Coforge led the losses, falling ₹108.00 to ₹1,842.00, or 5.54%. The stock traded between ₹1,780.70 and ₹1,854.90. Infosys followed with a ₹38.80 decline to ₹1,043.20, down 3.59%, after moving between ₹1,035.20 and ₹1,059.00.

Tech Mahindra fell ₹50.90, or 3.26%, to ₹1,508.10. HCL Technologies declined ₹36.30, or 2.84%, to ₹1,240.70, while Mphasis was down ₹56.90, or 2.42%, at ₹2,298.10. These five stocks were the largest percentage losers in the early session.

Stocks to watch next session

• Coforge: Watch whether it holds above its early-session low of ₹1,780.70 after the 5.54% decline.
• Infosys: Track its movement after trading at ₹1,043.20, compared with ₹1,082.00 previously.
• Tech Mahindra: Its session range of ₹1,504.00 to ₹1,531.00 provides a useful reference point.
• HCL Technologies: Monitor its position relative to the intraday low of ₹1,228.50.
• TCS: The stock was down 2.33% at ₹2,202.90 after touching ₹2,193.20.
• LTIMindtree: It was the least negative tracked stock, down 0.23% at ₹4,419.60.

The constructive case

The positive evidence within the early-session numbers is limited but visible. Nifty IT was trading 225.35 points above its intraday low of 28,779.80 at the update time. LTIMindtree’s 0.23% decline and L&T Technology Services’ 0.83% decline were also materially smaller than the index’s 2.94% fall.

These observations show that the index did not remain at its low and that the scale of declines varied across stocks. They are factual intraday readings, not a prediction of a recovery.

The cautious case

The cautious case is defined by the scale and breadth of the fall. Nifty IT opened at its intraday high and was still below that level at 10:00 AM IST. It was also the weakest performer among all tracked sector indices, with a decline substantially larger than the other sectoral moves.

All nine tracked stocks were negative, with Coforge, Infosys and Tech Mahindra falling more than 3% each. Continued attention on the index’s day low of 28,779.80 and the performance of these leading decliners can help frame the next session’s sector update.

Univest Insights

Nifty IT today stands apart from the broader sector leaderboard because its 2.94% decline is markedly deeper than the falls in Bank, Financial Services, Mid Select, Auto, FMCG and Pharma. Nifty Metal was the only gainer, rising 0.47% in the same early snapshot.

The index’s opening at 29,299.55 and subsequent low of 28,779.80 frame a 519.75-point intraday range. At 29,005.15, the index had recovered from the low but had not reclaimed its opening level.

Stock-level participation remains the central feature of this update. All nine tracked names were lower, and the largest declines came from Coforge, Infosys and Tech Mahindra. LTIMindtree’s comparatively modest decline offered the least negative reading among the tracked stocks.

In the next session, watch whether Nifty IT holds above 28,779.80 and whether the nine-stock negative breadth reading begins to improve.

Published on 9 September 2026 at 10:04 AM IST

Frequently asked questions

What is Nifty IT today?

Nifty IT was at 29,005.15 at 10:00 AM IST on 9 September 2026, down 878.30 points or 2.94% from its previous close.

Why is Nifty IT the top losing sector index today?

Its 2.94% fall was the steepest move among the tracked NSE sector indices in the early session.

What were Nifty IT’s intraday high and low?

The index’s intraday high was 29,299.55 and its intraday low was 28,779.80.

Which stocks led Nifty IT’s decline?

Coforge, Infosys and Tech Mahindra were the largest percentage decliners among the tracked Nifty IT stocks.

How was Nifty IT’s market breadth today?

All nine tracked Nifty IT stocks declined, with no advancers and no unchanged stocks.

What should investors watch in Nifty IT next session?

Key reference points include the index low of 28,779.80, the level of 29,005.15, and the price action in Coforge, Infosys, Tech Mahindra, HCL Technologies, TCS and LTIMindtree.