IT Stocks Fell on June 11, 2026, as Global Tech Selloff and Inflation Concerns Weighed on Nifty IT

Indian IT stocks witnessed broad-based selling pressure on June 11, 2026, Thursday, with the Nifty IT index falling 2.7% to an intra-day low of 27,519.15. The sector emerged among the biggest laggards on Dalal Street. 

The weakness in domestic IT shares mirrored a sharp selloff in global technology stocks as investors turned cautious amid rising inflation concerns, elevated interest rates, and expensive valuations in artificial intelligence-related companies. 

LTIMindtree, Infosys and Oracle Financial Services Software Among Top Losers 

Selling pressure was visible across major IT stocks during Thursday's session, with LTIMindtree share price emerging as the biggest loser among the top counters, declining 2.96% to ₹3,827.50. 

Infosys share price fell 2.32% to ₹1,118.70, while Oracle Financial Services Software share price slipped 2.16% to ₹9,265.50. HCL Technologies share price also declined 1.91% to ₹1,110.50 and Persistent Systems share price dropped 1.84% to ₹4,837.50. 

Among these stocks, Infosys recorded the highest trading activity with a volume of 58.23 lakh shares and a traded value of ₹650.62 crore, followed by Oracle Financial Services Software at ₹283.95 crore and HCL Technologies at ₹268.67 crore on the NSE. 

Global Technology Selloff Impacts Domestic IT Stocks 

The weakness in Indian IT stocks followed a sharp decline on Wall Street, where technology and AI-related companies faced heavy selling pressure overnight. 

The S&P 500 fell 1.6%, while the Nasdaq Composite declined 2% after U.S. inflation data showed consumer prices accelerated at their fastest pace since April 2023. Although the data broadly matched market expectations, it reinforced concerns that the U.S. Federal Reserve could maintain higher interest rates for a longer period. 

Oracle Decline Adds Pressure on AI-Linked Stocks 

Investor sentiment weakened further after Oracle shares dropped 8.9% in extended trading. The company projected fiscal 2027 capital expenditure above Wall Street estimates and announced plans to raise nearly $40 billion through a combination of debt and equity financing to support AI infrastructure expansion. 

The announcement raised concerns over increasing debt levels and the pace of spending on AI-related projects, adding pressure across global technology stocks. 

Read More: FIIs and DIIs Increased Stake by Over 2% in These IT Stocks: Infosys, Birlasoft and More 

Geopolitical Risks and Inflation Concerns Remain in Focus 

Market sentiment has also been influenced by geopolitical uncertainty and inflation concerns. Rising tensions in the Middle East and elevated technology valuations have contributed to a cautious approach among investors. 

Market participants are closely tracking U.S. inflation data and its potential impact on future Federal Reserve policy, with expectations that interest rates could remain elevated for an extended period if inflation remains persistent. 

Conclusion 

Indian IT stocks came under pressure as weakness in global technology shares, inflation concerns and AI-related valuation worries weighed on investor sentiment. Market participants will continue to monitor global macroeconomic developments and U.S. monetary policy signals for further direction in the technology sector. 

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