Nifty IT Falls 2% to 3-Year Low as TCS, Infosys, HCLTech and LTIMindtree Hit 52-Week Lows

The Nifty IT index remained under selling pressure on 30 June 2026, falling more than 2% during morning trade to touch 26,425.85, its lowest level in nearly 3 years. The sector has been the worst performer in 2026 so far, with investors worried about slowing demand and the impact of generative artificial intelligence on the traditional IT outsourcing business.

Major IT Stocks Hit 52-Week Lows

Leading IT companies saw sharp declines during the session.

• TCS share price fell more than 2% to around ₹2,050, after touching a 52-week low of ₹2,037.
• Infosys share price dropped over 2% to around ₹1,011, hitting a 52-week low of ₹1,005.50.
• HCLTech share price declined over 2%, touching a 52-week low of ₹1,078.
• LTIMindtree share price also slipped more than 2% to a 52-week low of ₹3,576. 

Other IT stocks also traded lower, with Wipro, Tech Mahindra and Mphasis losing more than 1% during the session.

Nifty IT Performance

The IT index has witnessed a sharp correction over the past few months.

The index has fallen nearly 42% from its all-time high of 46,089, recorded in December 2024, and is now trading close to levels last seen in April 2023.

Read more: Best Gold Stocks in June 2026 Based on 5‑Year CAGR: Sky Gold and Diamonds, Laxmi Goldorna House and More.

Why Are IT Stocks Under Pressure?

Investors remain cautious because of slowing global demand and uncertainty over how generative AI could affect the traditional outsourcing business model.

The sharp fall in IT shares has also reduced their importance in the benchmark Nifty 50 index. According to Bloomberg data, the combined weight of the 5 major IT companies has dropped below 7.6%, the lowest level in at least 2 decades.

Conclusion

The IT sector continues to remain under pressure as investors worry about slowing demand, pricing challenges and the long-term impact of generative AI. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.