Kospi selloff reflects shift in investor sentiment; TCS, HCL Tech, Infosys top gainers
Tata Consultancy moved lower.
· Business Today Mkts, ET Stocks, Economic Times Markets
Kospi index fell 7.4% to 5,914.35 today, its lowest level since late July. In June, the index hit an all-time high after crossing 9,000, led by the global artificial intelligence boom.
The analysis
Tata Consultancy reported movement of 7.4%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.0% on the day at ₹2,502.60, and has returned +2.9% over three months. It sits 25% below its 52-week high. The it sector has moved -3.1% over the same period, so Tata Consultancy is running 6.0 points ahead of its peers.
With Tata Consultancy, HCL Technologies and Infosys all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- 3 of the 3 companies named are in IT, so the story reads across that sector rather than for one company.
- On the day, 3 of 3 are higher: Infosys leads at +3.4% and Tata Consultancy (TCS) trails at +1.0%.
- Over three months: Tata Consultancy (TCS) +2.9% against IT -3.1% (6.0 points ahead); HCL Technologies +5.6% against IT -3.1% (8.7 points ahead); Infosys +2.6% against IT -3.1% (5.7 points ahead).
- At least 25% below the 52-week high: Infosys (30%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tata Consultancy (TCS)TCS · IT | ₹2,502.60 | +1.0% | +22.0% | +2.9% | -24.7% | 0.5× | — |
| HCL TechnologiesHCLTECH · IT | ₹1,428.10 | +1.7% | +16.1% | +5.6% | -17.4% | 0.9× | — |
| InfosysINFY · IT | ₹1,185.00 | +3.4% | +19.2% | +2.6% | -29.9% | 0.8× | — |
IT
1M +5.2% · 3M -3.1%
Tata Consultancy (TCS), HCL Technologies, Infosys
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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