Nifty IT Index Falls 1 Percent as Tech Mahindra, Coforge and Persistent Systems Lead Losses

The Nifty IT index declined 1 percent in intraday trade on 3 September 2026, extending a period of relative underperformance for technology stocks. Tech Mahindra was the top loser, falling 1.48 percent to Rs 1,599.

The weakness was broad-based, with Coforge and Persistent Systems both posting losses of over 1.4 percent, while large-cap names including HCL Tech, Infosys and TCS also traded lower through the session.

Click Here – Get Free Investment Predictions

Which Stocks Led Losses in the Nifty IT Index Today?

Tech Mahindra led the decline, falling 1.48 percent to Rs 1,599 on volumes of 128,890 shares. Coforge followed with a 1.42 percent decline to Rs 1,937.80, while Persistent Systems slipped 1.4 percent to Rs 5,610.50, together accounting for much of the day's weakness in mid and large-cap IT names.

How Did Large-Cap IT Stocks Perform Within the Nifty IT Index?

HCL Tech declined 1.1 percent to Rs 1,316.80, while LTIMindtree fell 1.08 percent to Rs 4,538.60, and Infosys slipped 1.04 percent to Rs 1,128.10, reflecting consistent weakness across the index's larger constituents.

Mphasis eased 1.01 percent to Rs 2,455, TCS declined a more modest 0.77 percent to Rs 2,329.90, and Oracle Financial Services Software fell 0.25 percent to Rs 12,127, while Wipro was nearly flat, down just 0.01 percent to Rs 177.07, showing the smallest decline among the major Nifty IT index constituents.

Nifty IT Index: Top Intraday Losers

The table below lists the intraday price movement of key Nifty IT index constituents on 3 September 2026.

Company	Price	Change	Volume
Tech Mahindra	1,599.00	-1.48%	128.89k
Coforge	1,937.80	-1.42%	317.43k
Persistent Systems	5,610.50	-1.4%	145.28k
HCL Tech	1,316.80	-1.1%	223.01k
LTIMindtree	4,538.60	-1.08%	22.67k
Infosys	1,128.10	-1.04%	695.78k
Mphasis	2,455.00	-1.01%	17.41k
TCS	2,329.90	-0.77%	273.45k
Oracle Financial Services	12,127.00	-0.25%	21.95k
Wipro	177.07	-0.01%	932.94k

What Is Driving the Decline in the Nifty IT Index Today?

Broad-based weakness spanning nearly every constituent is typically linked to macro factors rather than company-specific news. IT stocks are especially sensitive to currency movements, US technology spending trends, and global growth concerns, all of which can weigh uniformly across the sector regardless of individual company fundamentals.

Check Live Stock Data on the Univest Screener

What Should Investors Watch for the Nifty IT Index Going Forward?

Investors should watch upcoming quarterly earnings commentary from major IT companies on demand trends, deal pipelines and client spending patterns in key markets such as the United States and Europe. Currency movements in the rupee against the dollar also remain an important variable, since a meaningful share of constituents' revenue is earned in foreign currency.

Conclusion

The index fell 1 percent in intraday trade on 3 September 2026, with Tech Mahindra, Coforge and Persistent Systems leading a broad-based decline that extended across nearly all constituents, including HCL Tech, Infosys and TCS. The uniform nature of the move suggests macro factors rather than company-specific news were the primary driver. Investors should track global IT spending trends and currency movements, and consult a SEBI-registered advisor before making any investment decision.

Download the Univest iOS App or Univest Android App to track live prices and get daily stock updates.

Frequently Asked Questions

Why did the Nifty IT index fall today?

Ans. The Nifty IT index fell 1 percent in intraday trade on 3 September 2026, with broad-based declines across nearly all constituents led by Tech Mahindra, Coforge and Persistent Systems.

Which stock fell the most in the Nifty IT index today?

Ans. Tech Mahindra led the decline in the Nifty IT index, falling 1.48 percent to Rs 1,599.

Did TCS and Infosys also fall today?

Ans. Yes, TCS fell 0.77 percent to Rs 2,329.90 and Infosys declined 1.04 percent to Rs 1,128.10, both contributing to the broader Nifty IT index weakness.

Which stock in the Nifty IT index fell the least today?

Ans. Wipro was nearly flat, down just 0.01 percent to Rs 177.07, the smallest decline among the major Nifty IT index constituents.

Was today's Nifty IT index decline linked to one company?

Ans. No, the decline was broad-based across nearly every constituent of the Nifty IT index, suggesting macro factors rather than a single company-specific trigger.

What macro factors typically affect the Nifty IT index?

Ans. The Nifty IT index is sensitive to currency movements, US technology spending trends, and global economic growth concerns, all of which can weigh on the sector broadly.

What should investors watch for the Nifty IT index going forward?

Ans. Investors should track upcoming quarterly earnings commentary on demand trends and deal pipelines, along with rupee-dollar currency movements, which affect Nifty IT index constituents' foreign currency revenue.