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Market move▼ Bearish for TCS

Nifty IT crashes 11% in September: TCS, Infosys, Wipro among top losers — Can Q2 earnings spark a rebound?

1 source · first seen 17:44 1 Oct · updated 17:44 1 Oct

The brief

Written from 1 report · check the source before you trade
  • Nifty IT fell 11% in September, with TCS, Infosys and Wipro among the top losers
  • Weak sentiment weighs on Indian IT stocks including TCS, Infosys and Wipro

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IT services19 todayNifty and Sensex75 todayTCS₹2,050.60 · 10 todayInfosys₹994.10 · 12 todayWipro₹158.50 · 10 today

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Part of a developing story7 updates over 4 days

Indian IT stocks’ September sell-off

Nifty IT fell more than 11% in September, compared with a 6% decline in the Nifty 50, while Infosys, Wipro and Tata Elxsi touched 52-week lows. The sector briefly rebounded on September 30, ending an eight-session losing streak, but Jefferies remained cautious.

Thursday, 1 October

  1. You are here
    Nifty IT crashes 11% in September: TCS, Infosys, Wipro among top losers — Can Q2 earnings spark a rebound?
  2. Code red! NSE breadth breaks down as 350 out of 500 stocks crash up to 60% in two month selloff

Wednesday, 30 September

  1. 10 Nifty 50 stocks, including Infosys and TCS, posted double-digit losses in September as market sell-off deepens
  2. TCS, Wipro, other IT stocks rebound up to 6%, snapping 8-day losing streak. Why is Jefferies cautious?

Tuesday, 29 September

  1. Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows
  2. 3 sources
    Indian IT stocks extend sell-off, with Infosys below ₹1,000 and Wipro at a six-year low

Monday, 28 September

  1. IT Stocks In Focus: TCS, Mphasis Defy Nifty IT Weakness; Citi Cuts TCS Target Price, Maintains 'Sell'

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1 report · earliest 17:44
MintNifty IT crashes 11% in September: TCS, Infosys, Wipro among top losers — Can Q2 earnings spark a rebound?17:44