Indian IT stocks experienced notable declines in early trading on February 24, 2026, contributing to broader market weakness. The S&P BSE IT Index stood at 29,681.25, down 3.09%, while individual large-cap IT stocks showed losses ranging from approximately 2% to over 3%.
Current Prices and Declines (as of early February 24, 2026)
- HCL Technologies: BSE ₹1,378.65 (-3.34%), NSE ₹1,377.90 (-3.39%)
- Infosys: BSE ₹1,285.00 (-3.27%), NSE ₹1,284.00 (-3.28%)
- TCS: BSE ₹2,600.55 (-2.81%), NSE ₹2,600.30 (-2.84%)
- Tech Mahindra: BSE ₹1,398.75 (-2.98%), NSE ₹1,401.90 (-2.71%)
- Wipro: BSE ₹201.20 (-2.31%), NSE ₹200.94 (-2.40%)
- Mphasis: BSE ₹2,244.50 (-2.80%), NSE ₹2,243.20 (-2.88%)
- Info Edge: BSE ₹1,046.50 (-2.11%), NSE ₹1,040.60 (-2.72%)
- Oracle Financial: BSE ₹6,567.00 (-1.52%), NSE ₹6,581.50 (-1.32%)
For context, the benchmark S&P BSE Sensex was at 82,671.85 (-0.75%), and Nifty 50 was at 25,513.90 (-0.77%). These figures reflect data from around 9:30-9:35 AM IST.
Sector Performance Overview
The S&P BSE IT Index declined 3.1% on the day. Over the past 30 days, it has fallen 19.4%, and over the last year, it is down 25.9%. This reflects ongoing pressure on the sector, with large-cap IT names like HCL Technologies and Infosys among the prominent losers in the session.
Reasons for the Decline
The fall in IT stocks on February 24, 2026, tracked an overnight slide on Wall Street, driven by renewed uncertainty around U.S. tariff policies under President Donald Trump and persistent fears of AI-led disruption to traditional IT services. Global software stocks faced selling pressure, with Indian IT ADRs (e.g., Infosys down significantly overnight) contributing to the sentiment.