IT stocks crash! Infosys, TCS, Wipro, HCL Tech - Nifty IT tanks over 2% today, biggest sectoral loser - What lies ahead?
Infosys moved lower in a quarterly results development with October 27 in focus.
· LiveMint Markets, Economic Times Markets, ET Stocks
Indian IT stocks fell sharply on October 27, with the Nifty IT index down 2.3%, as investors weighed AI-driven disruption, global uncertainty and elevated valuations. Brokerages see potential for recovery and a valuation re-rating, but say it depends on earnings growth.
Key facts
- Dates in focus
- October 27
The analysis
Infosys reported movement of 2% and 2.3%. 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 +3.4% on the day at ₹1,185.00, and has returned +2.6% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved -3.1% over the same period, so Infosys is running 5.7 points ahead of its peers.
With Infosys, Tata Consultancy and Wipro all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- 4 of the 4 companies named are in IT, so the story reads across that sector rather than for one company.
- On the day, 4 of 4 are higher: Wipro leads at +4.3% and Tata Consultancy (TCS) trails at +1.0%.
- Over three months: Infosys +2.6% against IT -3.1% (5.7 points ahead); Tata Consultancy (TCS) +2.9% against IT -3.1% (6.0 points ahead); Wipro +6.4% against IT -3.1% (9.5 points ahead); HCL Technologies +5.6% against IT -3.1% (8.7 points ahead).
- At least 25% below the 52-week high: Infosys (30%) and Wipro (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| InfosysINFY · IT | ₹1,185.00 | +3.4% | +19.2% | +2.6% | -29.9% | 0.8× | — |
| Tata Consultancy (TCS)TCS · IT | ₹2,502.60 | +1.0% | +22.0% | +2.9% | -24.7% | 0.5× | — |
| WiproWIPRO · IT | ₹198.31 | +4.3% | +25.1% | +6.4% | -27.3% | 1.3× | — |
| HCL TechnologiesHCLTECH · IT | ₹1,428.10 | +1.7% | +16.1% | +5.6% | -17.4% | 0.9× | — |
IT
1M +5.2% · 3M -3.1%
Infosys, Tata Consultancy (TCS), Wipro, HCL Technologies
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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