The Indian IT sector experienced downward pressure on March 17, 2026, during early trading hours. The S&P BSE IT Index stood at 27,584.21, reflecting a decline of 1.79%. This aligned with broader trends in the sector, which has faced challenges in 2026, including a reported 12.7% drop over the prior 30 days and a 22.1% loss over the past year based on available index data.
The benchmark S&P BSE SENSEX was at 75,656.61, up 0.2%, showing mixed performance across market segments. Nifty 50 traded around 23,484.50 with a modest gain of 0.32%.
Key IT stock movements (as of approximately 9:46-9:50 AM IST on March 17, 2026) included:
- Infosys: BSE ₹1,221.10 (-2.28%), NSE ₹1,225.00 (-1.98%)
- TCS: BSE ₹2,368.00 (-1.68%), NSE ₹2,370.00 (-1.63%)
- HCL Technologies: BSE ₹1,309.50 (-1.45%), NSE ₹1,308.40 (-1.52%)
- Wipro: BSE ₹190.70 (-2.15%), NSE ₹190.43 (-2.40%)
- Tech Mahindra: BSE ₹1,322.75 (-1.15%), NSE ₹1,322.20 (-1.29%)
- Persistent Systems: BSE ₹4,551.30 (-1.99%), NSE ₹4,530.80 (-2.33%)
- LTIMindtree: BSE ₹4,131.00 (-2.06%), NSE ₹4,120.80 (-2.05%)
- Cigniti Technologies: BSE ₹996.90 (-6.24%), NSE ₹1,012.50 (-4.78%) — among the notable losers
- Coforge: BSE ₹1,027.30 (-4.95%), NSE ₹1,031.60 (-4.53%) — significant decline
- Birlasoft: BSE ₹359.35 (+3.16%), NSE ₹357.00 (+2.41%) — one of the gainers
- Cyient: BSE ₹869.00 (+1.64%), NSE ₹862.85 (+0.98%)
- Intellect Design: BSE ₹652.00 (+1.23%), NSE ₹650.15 (+0.77%)
Other stocks showed mixed results, with many large-cap IT names in negative territory, while select mid-cap or smaller players recorded gains.
Within the BSE IT Index, top gainers included Cybertech Systems (up around 4.8%) and Suvidhaa Infoserve (up around 3.7%), while Cigniti Technologies and Coforge ranked among the top losers.
Also Read: Banking sector stocks down today, March 17: CSB Bank down 2.39%, City Union Bank falls 2.18%, J&K Bank drops 2.10%