Nifty IT Today: Index Slips 2.28% to 29,995.20

Updated: 7 Sept 2026 • 4:20 pm

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Nifty IT Today: Index Slips 2.28% to 29,995.20

Quick sector takeaways

Nifty IT ended 2.28% lower at 29,995.20, down 699.90 points from the previous close of 30,695.10.
The index traded between 30,377.10 and 29,847.25 during the session, finishing closer to its intraday low than its high.
All nine Nifty IT stocks tracked for the session declined, with no advancers or unchanged stocks in the group.
Infosys, LTIMindtree, L&T Technology Services, Mphasis and Tech Mahindra led the percentage declines. Next-session focus remains on whether the index holds above its session low and whether participation broadens.

Nifty IT today marked the weakest performance among the tracked Indian NSE sector indices on 7 September 2026. The end-of-session reading, updated at 4:15:00 PM IST, showed broad pressure across the technology pack rather than a decline limited to a small set of names.

Nifty IT today: end-of-session wrap

Nifty IT closed at 29,995.20, compared with 30,695.10 in the previous session. That translates into a fall of 699.90 points, or 2.28%. The index opened at 30,343.20, already below the prior close, reached an intraday high of 30,377.10 and subsequently moved lower to 29,847.25.

The close was 147.95 points above the day’s low and 381.90 points below the day’s high. In plain terms, the index recovered modestly from its lowest level of the day but remained under notable pressure by the close. The session’s range was 529.85 points, illustrating a substantial movement between the high and low.

For investors following the sector, the day’s result puts the focus on price behaviour around 29,995.20 in the next session, alongside the participation of large IT names. The current session provides a clear snapshot of prices and breadth, without assigning a catalyst to the move.

Price snapshot

Measure	Level
Previous close	30,695.10
Open	30,343.20
Day high	30,377.10
Day low	29,847.25
Close	29,995.20
Session move	-699.90 points (-2.28%)

Nifty IT spent the session below its previous close. Its opening level was 351.90 points below that benchmark, while the closing level was 699.90 points lower. The index’s move from the high to the low was sharper than the late recovery from the low to the close.

Sector ranking

Nifty IT was the top losing sector index in the session, with its 2.28% fall exceeding the declines recorded by every other tracked index. The complete ranking, from the strongest gain to the steepest fall, was as follows:

Nifty Pharma: +0.75%.
Nifty Auto: -0.04%.
Nifty Mid Select: -0.43%.
Nifty Financial Services: -0.44%.
Nifty Bank: -0.49%.
Nifty FMCG: -0.66%.
Nifty Metal: -1.24%.
Nifty IT: -2.28%.

The ranking shows that the technology index underperformed not only the lone gainer, Nifty Pharma, but also every declining index in this comparison. Nifty Metal was the next weakest index at -1.24%, leaving a gap of 1.04 percentage points to Nifty IT’s fall.

Nifty IT stock breadth

The selling was broad across the Nifty IT stocks tracked in the session. There were zero advancers, nine decliners and zero unchanged stocks. This breadth reading aligns with the index’s steep close and indicates that the weakness was shared across the observed technology names.

Broad participation does not determine the next move, but it is useful context for interpreting the day. A move led by a limited number of stocks can look different from one where every tracked stock closes lower. On 7 September, the latter was the case.

Heavyweights versus broader participation

Among key names, Infosys declined 3.76%, LTIMindtree fell 2.33% and L&T Technology Services lost 2.26%. Coforge was down 1.92%, while HCL Technologies slipped 0.82%. The range of declines reinforces the breadth picture: pressure extended from the sharpest fallers to stocks with comparatively smaller losses.

HCL Technologies also showed a different intraday pattern from the index. It opened at 1,271.70, touched a low of 1,263.00 and closed at 1,282.80, though still below its previous close of 1,293.40. This is an intraday price observation rather than an explanation for the stock’s movement.

Key Nifty IT stocks

Stock	Move	Why it matters
Infosys	-3.76% to 1,087.50	It was the steepest percentage decliner among the highlighted Nifty IT stocks.
LTIMindtree	-2.33% to 4,448.00	Its decline was above the sector-wide fall of 2.28%.
L&T Technology Services	-2.26% to 3,414.20	It nearly matched the index’s percentage decline.
Mphasis	-2.18% to 2,369.10	It remained among the larger declines in the sector.
Tech Mahindra	-2.06% to 1,564.00	Its fall added to the broad negative participation.

Biggest negative movers

Infosys was the largest percentage loser, falling 42.50 points to 1,087.50. LTIMindtree declined 106.00 points to 4,448.00, while L&T Technology Services fell 79.10 points to 3,414.20. Mphasis lost 52.90 points to 2,369.10 and Tech Mahindra dropped 32.90 points to 1,564.00.

Wipro was down 2.04%, Coforge fell 1.92%, Tata Consultancy Services declined 1.48% and HCL Technologies eased 0.82%. The spread of negative moves, from 0.82% to 3.76%, captures the broad-based nature of the session.

Stocks to watch next session

Infosys: Watch whether its price holds above the session low of 1,085.00 after closing at 1,087.50.
LTIMindtree: Track its movement after a close of 4,448.00, following an intraday range of 4,405.00 to 4,519.40.
L&T Technology Services: Observe its response around the 3,414.20 close after a 2.26% decline.
Tata Consultancy Services: Monitor the stock after it closed at 2,270.00, down 1.48%.
HCL Technologies: Its close of 1,282.80 and intraday recovery from 1,263.00 merit attention.

The constructive case

There were two constructive observations within an otherwise weak session. First, Nifty IT closed above its intraday low of 29,847.25, rather than at the lowest point of the day. Second, HCL Technologies closed above its opening level after recovering from its intraday low, even though it ended below the previous close.

Nifty Pharma’s 0.75% gain also demonstrated that strength was present in at least one tracked sector during the session. These observations offer balance to the market picture, but they do not offset the clear decline in Nifty IT or the negative breadth recorded across the sector.

The cautious case

The cautious case is defined by the scale and breadth of the decline. Nifty IT fell 2.28%, the sharpest loss among the tracked sector indices, and all nine tracked sector stocks finished lower. The index also closed below its open, its previous close and its intraday high.

Infosys, LTIMindtree, L&T Technology Services, Mphasis, Tech Mahindra and Wipro each declined by more than 2% or close to that mark. Continued attention to the index’s intraday range and stock-level participation can help readers assess whether this broad pressure persists or narrows.

Univest Insights

The defining feature of nifty it today was not simply the 699.90-point fall, but the participation behind it. The zero-to-nine advance-decline reading showed no positive close among the tracked sector stocks. That makes breadth an important companion to the headline index level.

The session also highlighted clear relative performance within the market. Nifty Pharma gained 0.75%, while Nifty IT lost 2.28%. The sector ranking therefore places the IT move in context without attributing it to unverified factors.

Investors can use Univest Market View to follow the wider market alongside the sector-specific price action. Comparing the index’s close, daily range and the moves in major IT stocks offers a more complete view than considering any single number alone.

In the next session, watch whether Nifty IT remains above 29,847.25 and whether the nine-to-zero decline breadth begins to improve.

Published on 7 September 2026 at 4:19 PM IST

Frequently asked questions

What was the Nifty IT closing level on 7 September 2026?

Nifty IT closed at 29,995.20 on 7 September 2026, down 699.90 points or 2.28% from 30,695.10.

Why was Nifty IT the top losing sector index?

Nifty IT fell 2.28%, which was the steepest decline among all the tracked Indian NSE sector indices in the session.

What were Nifty IT’s intraday high and low?

The index recorded an intraday high of 30,377.10 and an intraday low of 29,847.25.

How was the breadth in Nifty IT stocks?

All nine tracked Nifty IT stocks declined, with zero advancers and zero unchanged stocks.

Which stocks were the biggest Nifty IT losers?

Infosys fell 3.76%, followed by LTIMindtree at 2.33%, L&T Technology Services at 2.26%, Mphasis at 2.18% and Tech Mahindra at 2.06%.

What should investors watch in Nifty IT next session?

Investors can watch the index’s movement around 29,995.20 and 29,847.25, along with breadth across major IT stocks including Infosys, LTIMindtree and L&T Technology Services.

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.