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Nifty IT tumbles 3% as Infosys, TCS and other stocks slide up to 5%. What’s spooking investors?

Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT index down 3%. The selloff followed OpenAI’s launch of its Deployment Company, renewing fears of accelerated AI-led disruption. Weak sentiment persisted despite a record-high Wall Street rally and a weaker rupee.

Infosys to TCS, HCL Tech: Nifty IT crashes over 3% - Why are IT stocks under pressure in trade today? - Mint

Infosys to TCS, HCL Tech: Nifty IT crashes over 3% - Why are IT stocks under pressure in trade today?Mint

Sensex Today Trades Lower | Nifty Below 23,700 | TCS & Infosys Top Losers - Equitymaster

Sensex Today Trades Lower | Nifty Below 23,700 | TCS & Infosys Top LosersEquitymaster

Sensex Today Trades Lower | Nifty Below 23,700 | TCS & Infosys Top Losers - Equitymaster

Sensex Today Trades Lower | Nifty Below 23,700 | TCS & Infosys Top LosersEquitymaster

​LIC bought shares worth $2 billion in these 10 companies in Q4. Do you own any?​

​State-run insurer LIC invested nearly $2 billion in 10 companies during Q4 FY26, including Bajaj Finance, Bharti Airtel, and TCS. Despite market downturns and AI disruption fears, LIC strategically bought shares in these firms, with some experiencing significant price drops during the quarter.​

SBI Loses Rs 45,000 Crore In Market Cap After Weak Q4; Emerges As Top Nifty Loser — Check Full List

Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation.

Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard

The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...

LIC’s $2 billion contrarian bet: 10 stocks the DII giant bought while the market bled

Life Insurance Corporation of India invested nearly $2 billion in 10 stocks during the March quarter's market fall. LIC bought shares in companies like Bajaj Finance, Bharti Airtel, TCS, and Infosys even as their prices dropped. This strategic move saw LIC increase its stake in several companies. The insurer also reduced holdings in other stocks, showing a selective approach.

India's mid-tier IT firms narrow new business gap with the larger rivals

Coforge, Mphasis and five similar companies saw growth moderate, but their decline in new business in FY26 was slower than that of the country’s six largest software exporters, which include the likes of Tata Consultancy Services (TCS) and Infosys.

TCS Share Price Live Updates: TCS's stock performance shows a downward trend

Five Stocks To Buy Or Sell: RBL Bank, Cochin Shipyard, TCS And More | May 08, 2026

Top picks include a consensus buy on RBL Bank, alongside Cochin Shipyard, GMR Airports, and Federal Bank, with a tactical short position on TCS.

[LIVE Updates] Stock Market Today: Sensex slips 90 points, Nifty 50 at 24,328 as volatility rattles indices; TCS, HUL top losers - news24online.com

[LIVE Updates] Stock Market Today: Sensex slips 90 points, Nifty 50 at 24,328 as volatility rattles indices; TCS, HUL top losersnews24online.com