Indian equity benchmarks were largely range-bound in midday trade on Feb 4, with the Nifty 50 hovering near flat levels. However, heavy selling pressure was visible across select index heavyweights, particularly in the IT space, which dominated the list of top losers.
Infosys emerged as the biggest drag on the index, with the stock trading at ₹1,518.40, down 8.3%. The sharp decline made it the worst-performing Nifty 50 stock at midday.
Tata Consultancy Services also witnessed substantial selling. The stock slipped 6.8% to ₹3,005.80, reflecting broad-based weakness across large-cap IT names.
Tech Mahindra traded 6.0% lower at ₹1,614.00, continuing the downtrend seen in the sector during the session.
HCL Technologies declined 5.4% to ₹1,604.20, adding further pressure on the IT index and contributing to muted headline index movement.
Wipro was down 4.4% at ₹232.00, extending losses among frontline technology stocks.
Outside IT, ITC traded at ₹313.10, down 1.1%, remaining among the notable laggards in the FMCG space.
Axis Bank slipped 1.1% to ₹1,341.90, while Kotak Mahindra Bank eased 0.9% to ₹412.20, reflecting mild weakness in select banking stocks.
Apollo Hospitals Enterprise traded marginally lower by 0.4% at ₹7,058.00, and Hindustan Unilever was nearly flat, down 0.1% at ₹2,366.50.
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