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IT Stocks Crash: TCS, Infosys and peers wipe out over ₹1.5 lakh crore of investor wealth
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS contributing to more than half of that fall. Five out of the 10 Nifty IT constituents, TCS, LTM, Coforge, Persistent Systems and Tech Mahindra, are trading more than 5% down.
TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?
IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.
IT stocks crash! TCS, Tech Mahindra, Infosys, others drag down Nifty IT 4% intraday; check key factors behind fall - Upstox
IT stocks crash! TCS, Tech Mahindra, Infosys, others drag down Nifty IT 4% intraday; check key factors behind fallUpstox
TCS Share Price Slumps 7%, Infosys, HCL Tech Fall 3% As Nifty IT Snaps Two-Day Win Streak
Nifty IT index turned volatile amid profit booking witnessed in key counters and a technical reversal
Five Stocks To Buy: Infosys, NMDC, NBCC And More | June 02, 2026
Top picks include IT giants Infosys and Tech Mahindra, mining major NMDC, state-owned construction firm NBCC, and mining behemoth Coal India.
Top gainers and losers on June 1: Tech Mahindra up 4%, Infosys up 3%; Hindustan Unilever down 3%, among top movers - Upstox
Top gainers and losers on June 1: Tech Mahindra up 4%, Infosys up 3%; Hindustan Unilever down 3%, among top moversUpstox
Nifty IT Index Jumps 4% Intraday As TCS, Infosys, HCL Tech Rally Amid Global AI Frenzy
Nvidia's Huang dispelled concerns that artificial intelligence might render traditional coding obsolete.
Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?
Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI-related fears, attracted by attractive valuations and upbeat sector outlooks. Optimism around potential US rate cuts and positive technical signals further fuelled buying in Infosys, Tech Mahindra, TCS and other IT majors.
Nifty IT Index Jumps 3%: Persistent, Infosys Lead Indian Tech Stock Rally - Republic World
Nifty IT Index Jumps 3%: Persistent, Infosys Lead Indian Tech Stock RallyRepublic World
Nifty IT jumps 2.5%; why are Infosys, Wipro, TCS, Coforge up today?
Today's sharp outperformance in the IT sector was driven by overnight rally in tech stocks on the Wall Street and company-speciific developments back home.
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top Losers - Equitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top LosersEquitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top Losers - Equitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top LosersEquitymaster