If you’ve been watching the Indian markets lately, one thing stands out clearly: IT stocks just can’t seem to catch a break. The Nifty IT index has been one of the worst performers in 2026, lagging far behind the broader Nifty 50. Names like TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra have seen sharp corrections, with many stocks down 20-35% or more for the year at various points. So what’s really going on? Is this just a temporary phase, or are we looking at something deeper? Let’s break it down in simple terms. The Big Picture: How Bad Has It Been? The Nifty IT index has underperformed badly this year. At times it has dropped close to 25-30% year-to-date while the broader market held up much better. Several large-cap IT stocks hit multi-year or 52-week lows during the sharper sell-offs, especially in June. Even after some short-term recovery attempts, pressure keeps returning. On days like 7 September 2026, the index again slipped nearly 2% as Infosys, HCL Tech, LTIMindt...
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