Nifty IT Today: Index Falls 1.34% on Broad Selling

Updated: 7 Oct 2026 • 4:02 pm

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Nifty IT Today: Index Falls 1.34% on Broad Selling

Nifty IT today closed lower as selling pressure spread across almost the entire technology pack. The index ended at 27,757.85, down 378.20 points or 1.34%, with only one stock finishing in the green and the rest of the tracked constituents ending in the red.

The session was weak from the open and stayed under pressure through the day. Price action, market breadth, and constituent performance all pointed to a broadly negative day for the IT sector, making this a useful session for understanding both short-term sentiment and the deeper trend in large Indian technology stocks.

Table of Contents

Sector Index Snapshot

Metric	Value
Index	Nifty IT
Closing Value	27,757.85
Absolute Change	-378.20
Percentage Change	-1.34%
Opening Value	27,993.25
Previous Close	28,136.05
Day High	28,109.45
Day Low	27,714.65
Market Status	Closed
Last Updated	7 October 2026 at 4:00:00 PM IST
Market Trend	Bearish

Nifty IT opened below the previous close, attempted to recover toward the 28,109.45 intraday high, and then weakened enough to slip near the day low before the close. That kind of structure usually reflects steady supply rather than a brief, isolated decline. The close at 27,757.85 also means the sector finished much closer to the low than the high, which reinforces the bearish reading for the day.

In plain language, today was not a mixed IT session. It was a broad risk-off day inside the sector. The opening gap, the negative close, and the very weak breadth all moved in the same direction. When that happens together, it often tells investors that the weakness was shared across the space rather than driven by just one name.

Quick Summary

Nifty IT fell 1.34% to close at 27,757.85 after opening weak and spending most of the session under pressure. The move was driven by broad-based declines across major constituents, with 8 of 9 tracked stocks falling and only L&T Technology Services ending in positive territory.

The biggest stock-level pressure came from Infosys, HCL Technologies, Coforge, Wipro, and LTIMindtree, all of which declined more sharply than the index itself. The heaviest traded names, including Infosys, Wipro, TCS, HCL Technologies, and Tech Mahindra, also finished lower, which shows that turnover was concentrated in declining counters rather than in rebound buying.

Market breadth was notably weak, with just 11.11% of tracked stocks in the green and 88.89% in the red. That kind of breadth usually signals sector-wide caution rather than isolated profit booking.

For the next few sessions, investors may watch whether the index can reclaim the opening zone near 27,993 and then challenge the day high near 28,109. On the downside, the day low near 27,714 becomes the first near-term level to monitor for signs of either stabilization or further weakness.

Why Nifty IT Moved Lower Today

Today’s decline can be explained directly from the price and breadth pattern inside the index. The most important takeaway is that the weakness was broad. Eight of the nine tracked stocks closed lower, and the advance-decline ratio stood at just 0.13. That is an unusually soft breadth reading for a sector index and suggests widespread selling pressure.

A second important factor was the magnitude of declines in key large, liquid names. Infosys fell 2.16%, HCL Technologies declined 1.61%, Coforge lost 1.49%, Wipro was down 1.38%, and LTIMindtree slipped 1.03%. When multiple widely followed technology stocks decline together by around 1% to 2% in one session, the sector index naturally struggles to hold ground.

Third, the session did not show meaningful internal offsets. L&T Technology Services was the only gainer and rose just 0.19%. That gain was too small to counteract the broad declines across the rest of the basket. In other words, there was no strong positive counterweight inside the index.

Fourth, activity was concentrated in stocks that also ended lower. Infosys saw volume of 7,493,993 shares, Wipro traded 12,404,246 shares, TCS traded 1,349,758 shares, HCL Technologies traded 1,810,295 shares, and Tech Mahindra traded 1,254,257 shares. When some of the most actively traded stocks are also among the declining names, it often indicates that the market accepted lower prices through the day.

Finally, the intraday structure itself was negative. Nifty IT opened at 27,993.25, touched a high of 28,109.45, then slid to a low of 27,714.65 before settling at 27,757.85. That path suggests recovery attempts were sold into and buyers were not strong enough to reverse the overall tone by the close.

It is important to distinguish fact from interpretation here. The facts are the price decline, the weak breadth, and the broad stock-level losses. The interpretation is that sector sentiment was negative through the session and that sellers had better control than buyers.

Market Breadth

Metric	Value
Advancing Stocks	1
Declining Stocks	8
Unchanged Stocks	0
Advance-Decline Ratio	0.13
Stocks in Green	11.11%
Stocks in Red	88.89%

Market breadth is one of the clearest ways to judge whether an index move was narrow or broad. In Nifty IT today, breadth was decisively negative. Only one tracked stock rose, while eight declined. That is not the kind of reading usually associated with a temporary dip caused by a single company.

The advance-decline ratio of 0.13 means there were far fewer gainers than losers. A ratio this low generally points to broad participation on the downside. The green-red split tells the same story: just 11.11% of the tracked basket ended higher, while 88.89% closed lower.

For investors, this matters because weak breadth often carries more informational value than the headline index move alone. A 1.34% index fall accompanied by 8 decliners out of 9 tracked names suggests the pressure was distributed across the sector. That kind of internal weakness can matter more than a headline decline led by only one or two stocks.

Complete Constituent Performance

Company	CMP	Today's %	Today's Change	Volume	Turnover (Cr)	Trend
Infosys Ltd.	992.00	-2.16%	-21.85	7,493,993	743.40	Bearish
HCL Technologies Ltd.	1,185.00	-1.61%	-19.40	1,810,295	214.52	Bearish
Coforge Ltd.	1,822.20	-1.49%	-27.50	1,016,382	185.21	Bearish
Wipro Ltd.	159.60	-1.38%	-2.24	12,404,246	197.97	Bearish
LTIMindtree Ltd.	3,930.00	-1.03%	-41.10	255,181	100.29	Bearish
Tata Consultancy Services Ltd.	2,080.30	-0.94%	-19.70	1,349,758	280.79	Bearish
Tech Mahindra Ltd.	1,491.10	-0.89%	-13.40	1,254,257	187.02	Bearish
Mphasis Ltd.	2,289.00	-0.39%	-9.00	277,155	63.44	Bearish
L&T Technology Services Ltd.	3,252.10	0.19%	6.10	46,255	15.04	Bullish

The constituent table shows just how widespread the weakness was. Infosys was the weakest stock in percentage terms, down 2.16%, followed by HCL Technologies at -1.61% and Coforge at -1.49%. Wipro also saw a notable decline of 1.38% and came with the highest share volume in the list.

On the other side, L&T Technology Services stood out as the only positive stock and therefore the top performer by default. However, its 0.19% gain was modest. That difference between a small lone gainer and multiple 1% to 2% decliners helps explain why the index ended firmly lower.

The turnover figures also help identify where the market’s attention was focused. Infosys recorded the highest turnover at 743.40 crore, followed by TCS at 280.79 crore and HCL Technologies at 214.52 crore. Those are significant traded values in stocks that all finished lower, reinforcing the idea that the day was driven more by selling pressure than by random low-volume price swings.

Top Contributors to Relative Support

Company	Price Change	% Change	Reason Behind Move
L&T Technology Services Ltd.	6.10	0.19%	The only tracked gainer in the index, offering limited support while the broader IT basket remained under pressure.

There was no broad leadership on the upside in Nifty IT today. L&T Technology Services was the only stock that managed to close higher, which means it provided the only visible positive offset inside the tracked constituent set.

Even so, the gain was small at 0.19%. That matters because a sector index usually needs either several gainers or strong upside in one or two major names to neutralize widespread declines elsewhere. Today, neither condition was present. As a result, the index had very little internal support.

Top Drags on the Index

Company	Price Change	% Change	Reason Behind Fall
Infosys Ltd.	-21.85	-2.16%	Largest percentage decline among the tracked names, adding meaningful downside pressure to sector sentiment.
HCL Technologies Ltd.	-19.40	-1.61%	Sharp decline alongside broad sector weakness, contributing to the negative breadth profile.
Coforge Ltd.	-27.50	-1.49%	Meaningful single-day loss that added to the spread of red across the IT pack.
Wipro Ltd.	-2.24	-1.38%	Heavy trading activity paired with a decline suggested weak sentiment rather than passive drift.
LTIMindtree Ltd.	-41.10	-1.03%	Closed lower after trading below the opening level, adding to pressure across mid-to-large IT names.

Infosys clearly led the downside in percentage terms and also saw the largest turnover among the listed stocks. That combination often matters more than a price move alone because it signals that the decline happened alongside strong market participation.

HCL Technologies, Coforge, Wipro, and LTIMindtree added to the drag, while TCS and Tech Mahindra also closed in the red. Taken together, these declines created a broad and layered fall rather than a narrow drop led by just one stock.

Sector Performance Comparison

Index	Close	Change	% Change	Comparison vs Nifty IT
Nifty IT	27,757.85	-378.20	-1.34%	—
Nifty Metal	12,306.70	-293.05	-2.33%	Nifty IT outperformed
Nifty Bank	55,055.55	-72.85	-0.13%	Nifty IT underperformed
Nifty Financial Services	24,916.40	-29.65	-0.12%	Nifty IT underperformed
Nifty Auto	25,138.90	-403.05	-1.58%	Nifty IT outperformed
Nifty FMCG	44,800.85	-404.50	-0.89%	Nifty IT underperformed
Nifty Pharma	26,436.55	-113.05	-0.43%	Nifty IT underperformed
Nifty Mid Select	13,757.20	-68.80	-0.50%	Nifty IT underperformed

Relative performance matters because a sector can fall on a given day but still hold up better than peers. That was only partly true for Nifty IT. It outperformed Nifty Metal and Nifty Auto, both of which fell more sharply. However, it underperformed Nifty Bank, Nifty Financial Services, Nifty FMCG, Nifty Pharma, and Nifty Mid Select.

This places Nifty IT in the weaker half of the compared index set for the session. The takeaway is that today’s decline was not only a red day in absolute terms but also a relatively soft day versus several other sectors and market segments.

Price Structure and Trading Interpretation

Without adding indicators that are not part of the session data, the cleanest technical read comes from the day’s price structure. Nifty IT opened at 27,993.25, traded up to 28,109.45, and then fell to 27,714.65 before closing at 27,757.85. That progression shows a failed recovery attempt followed by sustained weakness.

The close below the opening value signals that sellers remained in control after the first hour range. The fact that the session finished near the lower end of the day’s band also points to weak late-session sentiment. In practical terms, that means traders will likely pay attention to whether the index can hold above the day low in the next session or whether fresh selling extends below it.

On the upside, the opening area near 27,993 and the intraday high near 28,109 become the first obvious zones to watch. If the index stabilizes and moves back above those levels, it would show improvement in short-term tone. If it struggles below them, today’s bearish structure would remain intact.

At the stock level, the same pattern is visible. Several names such as Infosys, HCL Technologies, Wipro, and Tech Mahindra opened, traded, and closed in a way that reflected persistent weakness. L&T Technology Services was the exception, but a lone exception did not change the broader structure of the sector.

Constituent Return Trends

Company	1 Month	3 Months	6 Months	1 Year	5 Years
Infosys Ltd.	-8.78%	-7.45%	-24.33%	-30.51%	-40.07%
HCL Technologies Ltd.	-7.62%	1.44%	-17.80%	-17.33%	-9.29%
Coforge Ltd.	-5.83%	20.18%	48.07%	8.05%	67.17%
Wipro Ltd.	-7.64%	-7.75%	-22.04%	-32.77%	-48.06%
LTIMindtree Ltd.	-11.65%	1.85%	-11.54%	-25.41%	-31.98%
Tata Consultancy Services Ltd.	-8.36%	-0.75%	-18.09%	-30.04%	-46.56%
Tech Mahindra Ltd.	-4.66%	3.01%	3.83%	6.32%	12.14%
Mphasis Ltd.	-3.38%	-1.02%	0.96%	-16.58%	-23.44%
L&T Technology Services Ltd.	-4.75%	0.96%	-2.69%	-24.40%	-30.64%

The return table adds useful context to today’s session. Short-term performance has already been weak across much of the IT pack. Every listed constituent shows a negative 1-month return, which means today’s decline landed on top of an already soft recent trend.

The medium-term picture is more mixed. Coforge stands out with very strong 3-month and 6-month returns, while Tech Mahindra has held up better on both the 6-month and 1-year view. Mphasis has been relatively steadier than some peers over six months as well. In contrast, Infosys, Wipro, TCS, and LTIMindtree show considerably deeper drawdowns across longer periods, which helps explain why sentiment in the sector can remain fragile when the group faces another down day.

This blend of weak recent performance and divergent medium-term returns matters because sector moves are rarely uniform beneath the surface. Even on a day when the whole index falls, the longer trend leadership and laggard structure inside the basket can still differ sharply from stock to stock.

Most Active Stocks in Nifty IT Today

Company	Volume	Turnover (Cr)	Price Change	% Change
Infosys Ltd.	7,493,993	743.40	-21.85	-2.16%
Wipro Ltd.	12,404,246	197.97	-2.24	-1.38%
Tata Consultancy Services Ltd.	1,349,758	280.79	-19.70	-0.94%
HCL Technologies Ltd.	1,810,295	214.52	-19.40	-1.61%
Tech Mahindra Ltd.	1,254,257	187.02	-13.40	-0.89%

The most active list helps show where participation was concentrated. Wipro had the highest share volume at 12,404,246, while Infosys led on turnover at 743.40 crore. TCS, HCL Technologies, and Tech Mahindra also recorded substantial activity.

The important point is that all five of these actively traded names ended lower. When activity clusters around falling stocks, it often strengthens the bearish reading from price and breadth. Instead of buyers stepping in aggressively, the tape suggests that lower prices continued to attract or allow more trading during the session.

What Investors Should Watch Next

After a broad decline like this, the first thing to watch is whether Nifty IT can stabilize above today’s low of 27,714.65. Holding above that level would suggest the sector is trying to build a short-term floor. A move below it would indicate that the weakness seen today is still unfolding.

On the upside, the opening zone around 27,993.25 and the day high near 28,109.45 are the immediate reference points. If the index reclaims those levels, it would show improvement in short-term confidence. If it fails repeatedly below them, that would keep the near-term tone cautious.

At the stock level, investors may also watch whether the heaviest traded decliners begin to stabilize. Infosys, Wipro, TCS, HCL Technologies, and Tech Mahindra carried high activity today. Because these names drew such strong participation, their next-session behavior could offer clues about whether today was a continuation leg lower or the kind of washout that sometimes precedes consolidation.

Another important point is internal breadth. After an 8-to-1 split in favor of decliners, a healthier follow-through would require improvement in the number of advancing stocks, not just a bounce in one or two names. Breadth recovery is often a better sign of improving sector health than a headline rebound driven by a single constituent.

Key Takeaways

Nifty IT closed at 27,757.85, down 378.20 points or 1.34%.
The intraday structure was bearish, with the index closing much closer to the day low than the day high.
Market breadth was weak: 1 advancer, 8 decliners, and an advance-decline ratio of 0.13.
Infosys was the worst performer among the tracked names, falling 2.16%.
L&T Technology Services was the only gainer, rising 0.19%.
Trading activity was concentrated in declining names such as Infosys, Wipro, TCS, HCL Technologies, and Tech Mahindra.
Compared with the listed peer indices, Nifty IT underperformed most sectors except Nifty Metal and Nifty Auto.
Recent constituent return trends show that much of the IT basket was already under pressure over the past month before today’s fall.

Frequently Asked Questions

1. How did Nifty IT close today?

Nifty IT closed at 27,757.85 on 7 October 2026, down 378.20 points or 1.34% from the previous close of 28,136.05. The index opened at 27,993.25, hit a high of 28,109.45, and slipped to 27,714.65 during the session.

2. Why did Nifty IT fall today?

Nifty IT fell because the decline was broad across the sector. Eight of the nine tracked stocks ended lower, while only one stock closed in the green. Large liquid names such as Infosys, HCL Technologies, Wipro, TCS, and LTIMindtree all weakened together.

3. Which stock was the top gainer in Nifty IT today?

L&T Technology Services was the top gainer in Nifty IT today. It rose 0.19% to close at 3,252.10. However, it was the only tracked stock in positive territory, so its gain was not enough to offset the broader weakness across the index.

4. Which stock was the top loser in Nifty IT today?

Infosys was the top loser among the tracked Nifty IT stocks today. It declined 2.16% to close at 992.00, down 21.85 points from the previous close. It also saw the highest turnover, making its fall especially important for sector sentiment.

5. How was Nifty IT market breadth today?

Nifty IT breadth was weak today, with 1 advancing stock and 8 declining stocks. There were no unchanged stocks. That produced an advance-decline ratio of 0.13, while 11.11% of tracked stocks closed higher and 88.89% closed lower.

6. What does today’s weak breadth mean for Nifty IT?

Weak breadth means the decline was broad-based rather than isolated. When only one stock rises and nearly the entire basket closes lower, it usually reflects sector-wide caution. That makes the index fall more meaningful than a drop caused by a single outlier stock.

7. How did Nifty IT perform compared with other sector indices today?

Nifty IT fell 1.34%, so it underperformed Nifty Bank, Nifty Financial Services, Nifty FMCG, Nifty Pharma, and Nifty Mid Select. It performed better than Nifty Metal and Nifty Auto, both of which recorded steeper percentage losses on the day.

8. Which were the most active Nifty IT stocks today?

The most active stocks included Infosys, Wipro, TCS, HCL Technologies, and Tech Mahindra. Wipro had the highest share volume, while Infosys led turnover. All of these stocks closed lower, which reinforced the negative tone across the sector.

9. What does the Nifty IT index track?

Nifty IT tracks listed Indian information technology companies within the sector basket represented in the index. Investors follow it to understand how major IT stocks are performing as a group, rather than evaluating the sector only through a single company’s share price.

10. What should investors watch in Nifty IT next?

Investors may watch whether the index holds above 27,714.65, which was today’s low, and whether it can move back above the opening zone near 27,993 and the day high near 28,109. Improvement in market breadth would also be an important sign of recovery.

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.