Archive · 31 Jul 2026
Infosys, TCS, Wipro Face Pressure as Nifty IT Falls
The Nifty IT index, which tracks big Indian tech companies, dropped about 2% today.
Big firms like TCS, Infosys, and Wipro fell a bit because investors were taking profits after a recent rise.
Analysts say the drop is mainly due to people selling after the rally, not a big change in the market.
Technical charts still look good, so the trend might stay positive.
Meanwhile, the overall market was still up, with the main indices gaining points.
Nifty IT index fell nearly 2% after a 7% weekly gain.
Major IT stocks TCS, Infosys, Wipro dropped 2‑3% amid profit booking.
Analysts cite global IT softness, earnings caution, and profit‑taking as causes.
Technical indicators remain bullish above the 50‑day EMA and 30,000 support.
Overall market stayed positive, with Sensex up 300 points and Nifty 50 above 24,400.
- Who
- TCS, Infosys, Wipro and other Indian IT firms
- What
- Nifty IT index fell nearly 2% due to profit booking after a rally
- When
- Today during the intraday session
- Where
- Indian stock market, Nifty IT index
- Why
- Profit booking after a sharp rally, global IT softness, cautious earnings sentiment
- Nifty IT Index Change
- -2%
- Major IT Stocks Decline
- TCS -3%, Infosys -2%, Wipro -2%
- Market Trend
- Positive overall, Sensex +300, Nifty 50 above 24,400
- Technical Indicators
- Above 50‑day EMA, RSI ~65, MACD positive crossover
- Support/Resistance
- Support 30,000–29,250, Resistance 31,200–32,000