IT stocks crash! Infosys, TCS, Wipro, HCL Tech - Nifty IT tanks over 2% today, biggest sectoral loser - What lies ahead?
Infosys moved lower in a quarterly results development with October 27 in focus.
· LiveMint Markets
Indian IT stocks fell sharply on October 27, with the Nifty IT index down 2.3%, as investors weighed AI-driven disruption, global uncertainty and elevated valuations. Brokerages see potential for recovery and a valuation re-rating, but say it depends on earnings growth.
Key facts
- Dates in focus
- October 27
The analysis
Infosys reported movement of 2% and 2.3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.4% on the day at ₹1,161.50, and has returned +12.0% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +4.1% over the same period, so Infosys is running 7.9 points ahead of its peers.
With Infosys, Tata Consultancy and Wipro all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- 4 of the 4 companies named are in IT, so the story reads across that sector rather than for one company.
- On the day, 0 of 4 are higher: Infosys leads at -0.4% and Tata Consultancy (TCS) trails at -1.4%.
- Over three months: Infosys +12.0% against IT +4.1% (7.9 points ahead); Tata Consultancy (TCS) +12.4% against IT +4.1% (8.3 points ahead); Wipro +6.8% against IT +4.1% (2.7 points ahead); HCL Technologies +11.5% against IT +4.1% (7.4 points ahead).
- At least 25% below the 52-week high: Infosys (31%) and Wipro (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| InfosysINFY · IT | ₹1,161.50 | -0.4% | +16.6% | +12.0% | -31.3% | 0.6× | — |
| Tata Consultancy (TCS)TCS · IT | ₹2,499.60 | -1.4% | +21.8% | +12.4% | -24.8% | 0.5× | — |
| WiproWIPRO · IT | ₹188.19 | -0.5% | +15.3% | +6.8% | -31.0% | 0.5× | — |
| HCL TechnologiesHCLTECH · IT | ₹1,411.00 | -0.8% | +12.6% | +11.5% | -18.4% | 0.3× | — |
IT
1M +4.6% · 3M +4.1%
Infosys, Tata Consultancy (TCS), Wipro, HCL Technologies
Prices as of 27 Oct 2026, 13:42 IST. Sector moves are the average of the stocks we track in each sector.
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