Nifty IT index slips 4%; Infosys, TCS, Coforge tank up to 5%; here's why
Infosys moved lower.
· Business Standard Mkts
Till Tuesday in October 2026, the Nifty IT index outperformed the market and rallied 12%, compared to 0.05% decline in the Nifty 50.
The analysis
Infosys reported movement of 4%, 5% and 12%. 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 Coforge 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: Coforge leads at +4.2% 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); Coforge +17.1% against IT -3.1% (20.2 points ahead).
- At least 25% below the 52-week high: Infosys (30%).
- Trading well above normal today: Coforge at 2.3 times its 20-day average volume.
| 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× | — |
| CoforgeCOFORGE · IT | ₹2,045.00 | +4.2% | +16.9% | +17.1% | 0.0% | 2.3× | — |
IT
1M +5.2% · 3M -3.1%
Infosys, Tata Consultancy (TCS), Coforge
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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