The Indian IT sector showed mixed performance on March 16, 2026, during early trading hours. The S&P BSE IT Index stood at 28,083.37, down 0.24% from the previous close. This reflects ongoing pressure on the sector, which has declined 12.6% over the last 30 days and 21.0% over the past year.
The broader market indices traded positively in comparison. The S&P BSE SENSEX was at 74,797.04, up 0.31%, while the NIFTY 50 (not listed on BSE but referenced) was around 23,226.50, up 0.33%.
Key Highlights from IT Stocks (as of ~9:53-9:54 AM IST)
Data covers select BSE and NSE prices with percentage changes:
- Top Gainers:
- 63 Moons Tech: BSE ₹567.90 (+2.25%), NSE ₹567.65 (+2.28%)
- Newgen Software: BSE ₹448.60 (+1.50%), NSE ₹449.95 (+1.82%)
- Sasken Technologies: BSE ₹1,018.65 (+1.11%), NSE ₹1,015.20 (+0.76%)
- LTIMindtree: BSE ₹4,254.05 (+1.19%), NSE ₹4,245.00 (+0.92%)
- Notable Decliners:
- Happiest Minds Technologies: BSE ₹374.55 (-4.96%), NSE ₹373.25 (-5.09%)
- L&T Technology Services: BSE ₹3,269.90 (-4.58%), NSE ₹3,262.50 (-4.89%)
- eClerx Services: BSE ₹1,521.80 (-3.48%), NSE ₹1,518.80 (-3.67%)
- Firstsource Solutions: BSE ₹218.10 (-3.30%), NSE ₹217.50 (-3.42%)
- Aurionpro Soln: BSE ₹830.80 (-2.85%), NSE ₹832.30 (-3.15%)
- Major IT Players:
- Infosys: BSE ₹1,240.00 (-0.68%), NSE ₹1,238.40 (-0.79%)
- TCS: BSE ₹2,399.85 (-0.43%), NSE ₹2,396.60 (-0.58%)
- HCL Technologies: BSE ₹1,328.00 (+0.19%), NSE ₹1,325.70 (+0.02%)
- Wipro: BSE ₹197.40 (-0.08%), NSE ₹197.33 (-0.13%)
- Tech Mahindra: BSE ₹1,339.10 (+0.54%), NSE ₹1,338.10 (+0.40%)
Other stocks like Cyient (-0.88% to -1.16%), Persistent Systems (mixed around 0%), and Mphasis (slight positive) showed limited movement.
Sector Context
Within the BSE IT Index, gainers included names like Xelpmoc Design and Tech (up ~6.6% in related updates) and 63 Moons Tech, while losers featured Happiest Minds Technologies (down ~5.0%) and others. The sector’s underperformance aligns with broader trends observed in recent months, including concerns over AI disruption and spending shifts in IT services.
Note: Prices are from early morning trading on March 16, 2026 (around 9:53-9:54 AM IST) and subject to change during the session. For real-time updates, refer to official BSE/NSE platforms.
Also read: Banking sector stocks today, March 16: CSB Bank up 3.1%, IndusInd Bank surge 1.7%, SBI rises 1.10%