IT Stocks Decline After 5.5% Rally as Investors Await US CPI Data

IT stocks saw a pullback on September 11, 2025, as investors booked profits after a 2-day surge of 5.5% ahead of key US inflation data. Major firms like Infosys and Wipro led the decline, signalling caution in the market.

Profit Booking Hits IT Sector Post Rally

The Nifty IT index dipped nearly 1% on September 11, 2025, after registering a sharp gain in the previous 2 sessions. The rise was fuelled by growing expectations of a US Federal Reserve rate cut and optimism about trade negotiations between India and the US. However, with the US Consumer Price Index (CPI) data due later in the day, investors opted to pare gains and turn cautious.

Major Declines Led by Infosys and Persistent Systems

Persistent Systems emerged as the top loser, shedding up to 2% to ₹5,326 on the NSE. Infosys dropped 1.38% as market participants tracked developments from the company’s board meeting, which was set to consider a share buyback proposal, the first in 3 years. LTIMindtree also declined 1.66%, adding to the broad-based sectoral pressure.

Wipro, HCL Tech, and Tech Mahindra are Also Under Pressure

Wipro, Tech Mahindra, HCL Technologies, and Mphasis traded lower, slipping up to 1.3%. Among the Nifty IT constituents, 9 out of 10 stocks were in the red. Tata Consultancy Services was the lone gainer, inching up marginally by 0.14%.

Read More: Nifty IT Jumps 2% as Infosys Gains 4%, Wipro 3% on Buyback Buzz and Weak Rupee!

Conclusion

After a robust 2-day run, IT stocks experienced profit booking as investors awaited key macro data from the US. With Infosys and Persistent Systems leading the losses, market attention now turns to CPI figures and their potential influence on global rate outlooks.

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