{"id":223676,"date":"2026-08-31T11:53:32","date_gmt":"2026-08-31T06:23:32","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=223676"},"modified":"2026-08-31T11:53:35","modified_gmt":"2026-08-31T06:23:35","slug":"nifty-it-index-falls-nearly-2-percent-31-august-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-it-index-falls-nearly-2-percent-31-august-2026\/","title":{"rendered":"Nifty IT Index Falls Nearly 2% as Persistent, Infosys Slide"},"content":{"rendered":"
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Nifty IT index down nearly 2% intraday. Persistent -3.93%, LTM -2.42%, Infosys -2.24%, MphasiS -2%, Coforge -1.87%, Wipro -1.75%.<\/em><\/p>\n

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The Nifty IT index slipped nearly 2 percent in intraday trade, dragged down by sharp losses across major technology stocks. Persistent Systems led the decline, down 3.93 percent, followed by LTIMindtree at 2.42 percent and Infosys at 2.24 percent. Other IT majors including MphasiS, Coforge, Wipro, TCS, Tech Mahindra and HCL Tech also traded lower, reflecting broad-based weakness across the technology sector.<\/p>\n<\/div>\n

The Nifty IT index<\/a> came under heavy selling pressure in intraday trade on Monday, slipping nearly 2 percent as almost every major constituent traded in the red. Persistent Systems was the steepest decliner, falling 3.93 percent, followed by LTIMindtree and Infosys, both down more than 2 percent.<\/p>\n

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The weakness in the Nifty IT index mirrors a similar sell-off across Asian technology and semiconductor stocks earlier in the session, where hawkish comments from Federal Reserve Chair Kevin Warsh boosted global rate-hike expectations and triggered a broad reassessment of high-growth technology valuations.<\/p>\n

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