Nifty IT Today: Index Falls 0.79% as Selling Broadens

Updated: 12 Oct 2026 • 4:21 pm

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Nifty IT Today: Index Falls 0.79% as Selling Broadens

Nifty IT today closed lower in an end-of-session wrap marked by broad-based weakness across the sector’s stocks. The Nifty IT index finished at 28,349.60, down 225.30 points or 0.79% from its previous close of 28,574.90. Market data was updated on 12 October 2026 at 4:15:00 PM IST.

Quick sector takeaways

Nifty IT declined 0.79% to close at 28,349.60, versus the previous close of 28,574.90.
The index moved between 28,822.55 and 28,213.85 during the session, ending below its opening level of 28,688.40.
Breadth was negative: seven Nifty IT stocks declined while two advanced.
Tech Mahindra, TCS and LTIMindtree were among the larger fallers, while L&T Technology Services and HCL Technologies ended higher.
For the next session, investors can track whether the index holds near 28,349.60 and whether the advance-decline balance improves.

Nifty IT today: end-of-session sector wrap

Nifty IT today recorded a 225.30-point decline, closing 0.79% below the prior session’s close. The index opened at 28,688.40, rose to an intraday high of 28,822.55 and later moved down to 28,213.85. Its closing level of 28,349.60 was 338.80 points below the opening mark, showing that the sector finished the day under pressure.

The day’s move placed IT among the weaker pockets of India’s NSE sector indices. The negative close was accompanied by seven declines across the nine tracked Nifty IT stocks, while two stocks ended in positive territory. That split indicates that the weakness extended beyond just one or two names.

Price snapshot

The index began the session at 28,688.40 against a previous close of 28,574.90. It briefly extended gains to 28,822.55, which was 247.65 points above the previous close, before reversing course. At the day’s low of 28,213.85, it was down 361.05 points from the previous close. The eventual close at 28,349.60 represented a recovery of 135.75 points from the low, though the index remained lower for the day.

The intraday range was 608.70 points, calculated from the day’s high and low. The closing level sat closer to the day’s low than the day’s high, an observation that captures the session’s late positioning without assigning a cause to the move.

Sector ranking

Nifty IT was the second-largest losing sector index in the session among the tracked India’s NSE sector indices. Only Nifty FMCG posted a steeper decline. The complete ranking, from the strongest gain to the sharpest fall, was as follows:

Nifty Auto: up 0.90%.
Nifty Pharma: up 0.45%.
Nifty Mid Select: up 0.31%.
Nifty Financial Services: down 0.41%.
Nifty Metal: down 0.41%.
Nifty Bank: down 0.61%.
Nifty IT: down 0.79%.
Nifty FMCG: down 1.67%.

This ordering shows a mixed sectoral session, with gains in auto, pharma and mid-select shares contrasting with declines in financials, metals, banking, IT and FMCG. Within that backdrop, the 0.79% fall in Nifty IT was notably deeper than the moves in Nifty Financial Services, Nifty Metal and Nifty Bank.

Constituent breadth

Market breadth within Nifty IT was tilted decisively towards declines. Seven stocks fell, two gained and none were unchanged, resulting in an advance-decline ratio of 0.29. In simple terms, there was roughly one advancing stock for every three-and-a-half declining stocks.

The breadth reading aligned with the index’s negative finish. L&T Technology Services and HCL Technologies provided positive exceptions, but their gains did not alter the broader direction set by the majority of the sector’s stocks.

Heavyweights versus broader participation

Among key names, Coforge fell 1.14% to Rs. 1,846.60, while Infosys slipped 0.33% to Rs. 1,020.00 and LTIMindtree declined 1.26% to Rs. 4,018.90. By contrast, L&T Technology Services rose 1.19% to Rs. 3,309.00 and HCL Technologies gained 0.52% to Rs. 1,223.00.

The same mix was visible among the session’s closely followed stocks: Coforge, HCL Technologies, Infosys, L&T Technology Services and LTIMindtree featured a combination of gainers and decliners. The index-level decline alongside only two advances underscores that participation remained skewed to the downside.

Key Nifty IT stocks

Stock	Move	Why it matters
Tech Mahindra	Down 2.85% to Rs. 1,471.00	It was the sector’s largest percentage decliner.
TCS	Down 1.44% to Rs. 2,125.00	Its decline was among the more prominent negative moves.
LTIMindtree	Down 1.26% to Rs. 4,018.90	It closed near its intraday low of Rs. 4,002.00.
L&T Technology Services	Up 1.19% to Rs. 3,309.00	It was the strongest gainer in the sector.
HCL Technologies	Up 0.52% to Rs. 1,223.00	It was one of only two advancing stocks.

Biggest positive movers

L&T Technology Services led the gainers, rising Rs. 38.90 or 1.19% to Rs. 3,309.00. Its intraday high was Rs. 3,330.00. HCL Technologies followed with a gain of Rs. 6.30 or 0.52%, closing at Rs. 1,223.00 after trading between Rs. 1,206.00 and Rs. 1,236.80.

Biggest negative movers

Tech Mahindra led the declines, falling Rs. 43.10 or 2.85% to Rs. 1,471.00. TCS dropped Rs. 31.00 or 1.44% to Rs. 2,125.00, followed by LTIMindtree, down Rs. 51.10 or 1.26%. Coforge declined Rs. 21.30 or 1.14%, while Wipro eased 0.47% to Rs. 161.80.

Stocks to watch next session

Tech Mahindra will be in focus after the largest percentage fall among the sector’s stocks. TCS and LTIMindtree also merit attention after declines exceeding 1%. Coforge is another stock to monitor following its 1.14% fall. On the positive side, L&T Technology Services and HCL Technologies are worth tracking to see whether their relative strength extends into the next session.

The constructive case

There were two positive stock-level outcomes despite the index decline. L&T Technology Services advanced 1.19%, while HCL Technologies gained 0.52%. The index also recovered from its intraday low of 28,213.85 to end at 28,349.60, narrowing part of the day’s decline before the close.

These observations show that participation was not uniformly negative across IT. The next session will indicate whether these positive pockets broaden into a more balanced sector performance.

The cautious case

The cautious reading comes from the index’s 0.79% fall, its close below both the previous close and opening level, and the negative breadth of seven decliners against two advancers. Tech Mahindra, TCS, LTIMindtree and Coforge all declined by more than 1%, adding to the pressure visible at the index level.

Nifty IT also finished closer to its intraday low than its high. While that is a session-specific observation rather than a forecast, it leaves the next day’s price action and breadth especially relevant for market participants.

Univest Insights

The closing picture for nifty it today is one of broad, though not universal, weakness. The 0.79% drop made IT the second-largest loser among the tracked sector indices, behind FMCG’s 1.67% fall.

Stock selection remained important within the sector. L&T Technology Services and HCL Technologies closed higher, while Tech Mahindra, TCS and LTIMindtree recorded more pronounced declines. This divergence is useful context when reading the index’s overall move.

The index’s 608.70-point intraday range also reflected meaningful movement during the session. It began above the previous close, set a high of 28,822.55, fell to 28,213.85 and then recovered some ground into the close.

For a wider market snapshot, visit Univest Market View. In the next session, watch whether Nifty IT holds 28,349.60 and whether breadth improves from two advancers versus seven decliners.

Published on 12 October 2026 at 4:20 PM IST

Frequently asked questions

What was Nifty IT today?

Nifty IT closed at 28,349.60 on 12 October 2026, down 225.30 points or 0.79% from the previous close of 28,574.90.

What were the high and low levels for Nifty IT today?

Nifty IT recorded an intraday high of 28,822.55 and a low of 28,213.85.

Why was Nifty IT the second-largest losing sector index?

Nifty IT fell 0.79%, making it the second-steepest decline among the tracked sector indices, behind Nifty FMCG’s 1.67% fall.

How was the breadth in Nifty IT stocks?

Seven Nifty IT stocks declined and two advanced, with no unchanged stocks.

Which stocks gained in Nifty IT today?

L&T Technology Services gained 1.19%, while HCL Technologies rose 0.52%.

Which stocks fell the most in Nifty IT today?

Tech Mahindra fell 2.85%, followed by TCS at 1.44%, LTIMindtree at 1.26% and Coforge at 1.14%.

Disclaimer

Investments in securities markets are subject to market risks. Read all related documents carefully before investing. This sector-index update is for informational and educational purposes only and is not personalized investment advice or a recommendation to buy, sell, or hold any security.