Nifty IT Index Slides as All But One Constituents Trade in Red; Infosys, Coforge Lead Losses
By Shishta Dutta | Published at: Jun 18, 2025 12:53 PM IST
Mumbai, June 18: The Nifty IT index declined in morning trade today, dropping 0.65% to reach 39,101.90. This downturn saw nine constituent companies of the index trading in the red, signalling a broad-based weakness across the sector. The index, which had gained 3.64% over the past 30 days, shed 254.20 points by 12:15 PM, with intraday movement between a high of 39,572.50 and a low of 39,027.70.
Notably, all but one constituents were in the red, with Coforge, Persistent Systems, and TCS witnessing the steepest declines.
Nifty IT Index Movement (as of 12:15 PM, June 18th)
| Metric | Value |
|---|---|
| Last Price | 39,101.90 |
| Change | -254.20 |
| % Change | -0.65% |
| Day High | 39,572.50 |
| Day Low | 39,027.70 |
| 52-Week High | 46,088.90 |
| 52-Week Low | 30,918.95 |
| 30-Day Return | +3.64% |
| 365-Day Return | +13.75% |
Stock-wise Snapshot
| Stock | Last Price (₹) | Day Change (%) | 30D Return (%) | 365D Return (%) |
|---|---|---|---|---|
| Infosys | 1,627.70 | -0.74% | +3.14% | +10.14% |
| TCS | 3,484.50 | -0.88% | -1.29% | -8.27% |
| HCL Tech | 1,719.60 | -0.58% | +4.20% | +20.86% |
| Tech Mahindra | 1,718.90 | +0.02% | +6.28% | +25.31% |
| Wipro | 262.20 | -0.27% | +3.38% | -44.94% |
| LTIMindtree | 5,471.00 | -0.79% | +9.25% | +9.58% |
| OFSS | 9,693.00 | -0.41% | +11.91% | +2.33% |
| Mphasis | 2,680.00 | -0.50% | +3.58% | +11.81% |
| Persistent | 6,039.50 | -0.47% | +6.47% | +60.84% |
| Coforge | 1,813.50 | -1.47% | -78.16% | -64.62% |
Despite modest longer-term gains, the near-term downtrend in the IT pack reflects cautious investor sentiment ahead of global macroeconomic cues, currency movements, and likely softness in US tech demand.
Market Outlook
The broad-based decline in the Nifty IT index on June 18 reflects short-term investor caution amid global uncertainty. Despite a 13.75% yearly gain, today’s weakness—led by Coforge, TCS, and Infosys—suggests nervousness surrounding slowing US tech spending, potential foreign exchange volatility, and upcoming Fed cues. While long-term fundamentals for top-tier IT firms remain intact, near-term volatility may persist. Investors are expected to stay selective, favouring companies with diversified revenue streams and strong digital transformation pipelines.
What is Nifty IT Index
The Nifty IT Index comprises 10 leading Indian IT companies listed on the National Stock Exchange (NSE), including TCS, Infosys, and Wipro. It reflects the performance of the software and services sector and is considered a barometer of India’s export-driven IT industry.
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