Market Wrap: IT Stocks Drag as Coforge fell 2.47% to ₹1,386.40, while TCS dropped 1.89% to ₹2,698.00. Infosys also slipped 1.77% Lead Losers; Sector Heatmap Turns Largely Red.
Indian IT stocks witnessed selling pressure in today’s session, with frontline names declining across the board. Among the top losers, Coforge fell 2.47% to ₹1,386.40, while TCS dropped 1.89% to ₹2,698.00. Infosys also slipped 1.77% to ₹1,361.50, reflecting broad weakness in the IT pack.
Other notable declines included OFSS, down 1.51% to ₹6,662.00, and LTIMindtree, which fell 1.43% to ₹5,137.00. The sector heatmap remained largely negative, with major IT counters trading in the red, indicating cautious sentiment and continued profit booking in technology stocks.
Despite selective resilience in a few counters, the broader trend signals short-term weakness in IT, as investors remain watchful of global tech cues, currency movement, and demand outlook in key overseas markets.
