Nifty IT index slips 4%; Infosys, TCS, Coforge tank up to 5%; here's why
Infosys moved lower.
· Business Standard Mkts
Till Tuesday in October 2026, the Nifty IT index outperformed the market and rallied 12%, compared to 0.05% decline in the Nifty 50.
The analysis
Infosys reported movement of 4%, 5% and 12%. 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 -3.9% on the day at ₹1,118.10, and has returned +7.8% over three months. It sits 34% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +2.4% over the same period, so Infosys is running 5.4 points ahead of its peers.
With Infosys, Tata Consultancy and Coforge all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- 3 of the 3 companies named are in IT, so the story reads across that sector rather than for one company.
- On the day, 0 of 3 are higher: Coforge leads at -1.2% and Infosys trails at -3.9%.
- Over three months: Infosys +7.8% against IT +2.4% (5.4 points ahead); Tata Consultancy (TCS) +8.8% against IT +2.4% (6.4 points ahead); Coforge +30.7% against IT +2.4% (28.3 points ahead).
- At least 25% below the 52-week high: Infosys (34%) and Tata Consultancy (TCS) (26%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| InfosysINFY · IT | ₹1,118.10 | -3.9% | +16.3% | +7.8% | -33.8% | 0.6× | — |
| Tata Consultancy (TCS)TCS · IT | ₹2,445.30 | -2.1% | +19.9% | +8.8% | -26.5% | 0.3× | — |
| CoforgeCOFORGE · IT | ₹1,972.00 | -1.3% | +11.9% | +30.7% | -2.1% | 0.6× | — |
IT
1M +4.9% · 3M +2.4%
Infosys, Tata Consultancy (TCS), Coforge
Prices as of 28 Oct 2026, 12:54 IST. Sector moves are the average of the stocks we track in each sector.
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