0.84% Dip in the Nifty IT Index; Infosys, TCS Lead Declines Amid Market Ambiguity
By Shishta Dutta | Updated at: Jun 13, 2025 10:41 AM IST
Mumbai, June 12, 2025—The Nifty IT Index closed down 0.84% on Thursday, slipping 324 points to end at 38,460.3, as major IT companies faced selling pressure in a weak market. Seven of the 10 index constituents declined, while only three advanced.
The dip can be attributed to different reasons, including global tariff-related concerns and the underperformance of top IT stocks. The tensions in the Middle East should also be weighed upon and could cause selling pressure in the IT stocks.
Index Summary
| Metric | 12-Jun-2025 | 11-Jun-2025 | Change | % Change |
|---|---|---|---|---|
| Open | 38,732.95 | — | — | — |
| High | 38,891.05 | — | — | — |
| Low | 38,227.25 | — | — | — |
| Close | 38,460.30 | 38,784.30 | -324.00 | -0.84% |
| Traded Value (₹ Cr) | 5,621.27 | — | — | — |
| Traded Volume | 3.84 Cr | — | — | — |
The index is now trading 16.55% below its 52-week high of 46,088.9, while it remains 24.39% above its 52-week low of 30,918.95. The 1-year return stands at +12.32%, while it has gained 1.31% over the past 30 days.
Top Gainers in Nifty IT
| Stock | Close (₹) | Change (₹) | % Change |
|---|---|---|---|
| Tech Mahindra | 1,643.60 | +6.10 | +0.37% |
| LTIMindtree | 5,406.50 | +12.50 | +0.23% |
| Wipro | 259.06 | +0.14 | +0.05% |
Top Losers in Nifty IT
| Stock | Close (₹) | Change (₹) | % Change |
|---|---|---|---|
| Coforge | 1,784.00 | -32.50 | -1.79% |
| Infosys | 1,605.00 | -26.10 | -1.60% |
| TCS | 3,432.00 | -39.90 | -1.15% |
| HCL Tech | 1,702.40 | -19.50 | -1.13% |
| Persistent | 5,903.00 | -62.50 | -1.05% |
| MphasiS | 2,654.00 | -25.90 | -0.97% |
| OFSS | 9,390.00 | -39.50 | -0.42% |
Infosys and TCS contributed significantly to the drag on the index, with TCS slipping 1.15% and Infosys down 1.60%, even as the broader market sentiment remained weak. Coforge was the worst performer, declining nearly 1.8%, and remains over 72% above its 52-week low, highlighting continued volatility. Even though Tech Mahindra showed some resilience (up by 0.37%), it was not enough to push the index enough.
Technical Snapshot
Despite today’s decline, the Nifty IT index has posted a 12.32% gain YoY, outperforming several other sectors. However, near-term resistance remains intact below the 39,000 level, with broader weakness seen in export-oriented IT stocks amid global macro uncertainty and volatile rupee-dollar dynamics.
About Nifty IT Index:
The Nifty IT index tracks the performance of top Indian IT sector companies listed on the NSE. Major constituents include Infosys, TCS, HCL Technologies, Wipro, and Tech Mahindra. The index is a barometer of India’s software services exports and technology demand trends.
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