Nifty IT Drops 1.69% as All Constituents Trade Lower Post TCS Results
By Shishta Dutta | Published at: Jul 11, 2025 11:21 AM IST
Mumbai, July 11, 2025 – The Nifty IT index fell 1.69% to 37,728 at 11:04 AM IST on Friday. The decline followed the Q1 FY26 results of Tata Consultancy Services (TCS), which showed subdued revenue growth despite a 6% year-on-year increase in net profit.
Nifty IT Index Movement
The Nifty IT Index traded lower on July 11, reflecting weakness across major technology stocks. The index opened at 37,702.55 and moved within a range of 37,558.10 to 37,990.80 during the session.
Despite the decline, trading activity remained robust, with a total traded value of ₹2,783.70 crore and a volume of 1.71 crore shares. The index currently trades well below its 52-week high of 46,088.90, but remains above its 52-week low of 30,918.95, indicating a moderate correction amid ongoing market volatility in the tech sector.
| Metric | Value |
|---|---|
| Open | 37,702.55 |
| Day High | 37,990.80 |
| Day Low | 37,558.10 |
| Last Traded | 37,952.10 |
| Previous Close | 38,376.65 |
| Change (Pts) | -424.55 |
| % Change | -1.11% |
| 52-Week High | 46,088.90 |
| 52-Week Low | 30,918.95 |
| Total Traded Value | ₹2,783.70 Cr |
| Total Volume | 1.71 Cr shares |
All 10 stocks in the index were in the red, with no advances or unchanged counters reported.
Stock-wise Price Performance (as of 10:17 AM IST)
| Company | Last Price (₹) | Change (₹) | % Change |
|---|---|---|---|
| TCS | 3,310.50 | -71.50 | -2.11% |
| LTIMindtree | 5,233.50 | -86.50 | -1.63% |
| Wipro | 260.80 | -4.25 | -1.60% |
| HCL Technologies | 1,646.30 | -17.40 | -1.05% |
| Persistent Systems | 5,634.50 | -46.00 | -0.81% |
| Coforge | 1,875.20 | -12.50 | -0.66% |
| Infosys | 1,605.40 | -10.40 | -0.64% |
| Oracle Financial Services | 8,743.50 | -33.50 | -0.38% |
| MphasiS | 2,851.80 | -9.30 | -0.33% |
| Tech Mahindra | 1,597.90 | -2.20 | -0.14% |
The Nifty IT index is currently 17.65% below its 52-week high and 22.75% above its 52-week low. On a year-on-year basis, the index is up 2.94%, while it has risen 0.2% over the past 30 days.
About Nifty IT Index
The Nifty IT index is a sectoral benchmark that tracks the performance of leading Indian IT companies listed on the NSE. It includes firms such as TCS, Infosys, Wipro, HCL Technologies, and others from the software services and consulting space.
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