The Indian IT sector experienced declines on March 9, 2026, amid broader market weakness. The S&P BSE IT Index stood at 28,833.95, down 1.32%. The benchmark S&P BSE Sensex was at 76,708.41, falling 2.80%, while the Nifty 50 (not listed on BSE but referenced via NSE) was at 23,776.50, down 2.76%.
This performance aligns with ongoing pressures on the IT sector, which has seen significant declines in recent months. The S&P BSE IT Index was down 17.2% over the last 30 days and 22.9% over the last 1 year (as per the provided update).
Within the listed stocks (as of approximately 9:53-9:54 AM IST on March 9, 2026):
- Many major IT names declined, including:
- Cyient: down 3.27% (BSE)
- Datamatics Global: down 3.75% (BSE)
- KPIT Technologies: down 3.20% (BSE)
- L&T Technology Services: down 3.80% (BSE)
- Zensar Technologies: down 3.59% (BSE)
- Infosys: down 1.34% (BSE) to Rs 1,290.70
- TCS: down 1.56% (BSE) to Rs 2,517.75
- Tech Mahindra: down 1.41% (BSE) to Rs 1,313.30
- HCL Technologies: down 1.09% (BSE) to Rs 1,342.05
- Some stocks showed smaller declines or minor gains, such as:
- Persistent Systems: down 0.29% (BSE) to Rs 4,762.50
- Wipro: down 0.43% (BSE) to Rs 194.65
- R Systems Intl: up 5.31% (BSE) to Rs 271.75 (notable gainer in the list)
- Among other notable losers: RPSG Ventures down 5.82%, Infibeam Avenues down 4.19%, Brightcom Group down 3.85%.
The broader market fall contributed to the IT sector’s movement, with the Sensex and Nifty reflecting risk-off sentiment influenced by factors such as geopolitical tensions (including West Asia developments), elevated crude oil prices, and foreign institutional investor outflows observed in prior periods.
Top gainers in the BSE IT space included limited names like Expleo Solutions (up 0.2%), while losers featured Suvidhaa Infoserve (down 6.9%) and RPSG Ventures (down 5.8%).