As of 9:17 AM, IT sector stocks are trading lower across the board, with significant declines observed in several midcap and large-cap IT players. Persistent Systems and Oracle Financial Services Software (OFSS) are leading the losses, reflecting broader pressure in the sector.
Key Performers
- Persistent Systems: Down 3.77% at ₹6,387.50 (-₹250.20).
- OFSS: Declined by 2.40% to ₹12,634.90 (-₹310.55).
- Coforge: Down 1.99% to ₹9,622.40 (-₹195.55).
- Mphasis: Trading lower by 1.76% at ₹2,883.65 (-₹51.60).
- HCLTech: Fell by 1.56% to ₹1,898.85 (-₹30.10).
- Tech Mahindra: Down 1.58% to ₹1,713.40 (-₹27.45).
- Infosys: Trading lower by 1.53% at ₹1,876.85 (-₹29.15).
- TCS: Down 1.50% at ₹4,096.60 (-₹62.20).
Other Notable Declines
- KPIT Tech: Down 1.56% at ₹1,447.25 (-₹22.90).
- Wipro: Marginally lower by 1.09% to ₹300.40 (-₹3.30).
- Tata Elxsi: Down 0.89% at ₹6,863.65 (-₹61.90).
- LTIMindtree: Fell 0.84% to ₹5,596.00 (-₹47.50).
- Tata Technologies: Marginal dip of 0.73% to ₹888.30 (-₹6.50).
- LTTS: Down 0.60% to ₹4,726.00 (-₹28.50).
The sector appears to be under selling pressure due to broader market weakness or sector-specific headwinds, with midcap IT firms facing more pronounced declines compared to large-cap peers like Infosys and TCS.
This broad-based weakness aligns with recent concerns over growth moderation in the sector amid global uncertainties.
Disclaimer:
This update is for informational purposes only and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
