Nifty IT Drops 3.32% as 93 of 145 Stocks Decline
MarketPulse Summary: Nifty IT fell 3.32%, or 992.6 points, to 28,890.9. In the broader IT universe, 93 of 145 stocks declined while 49 advanced. The top 10 companies by market capitalization averaged -0.08%, compared with -0.45% for smaller stocks, while the market-cap-weighted stock-universe change was -0.27% and the median stock change was -0.59%.
📊 Key Numbers
📈 Sector Performance
| Metric | Value |
|---|---|
| Index Level | 28,890.90 |
| Previous Close | 29,883.50 |
| Change | -3.32% |
| Change Points | -992.60 |
🎯 What drove the move?
Market reports provided contextual factors around the sector move, but the available evidence does not establish a single confirmed catalyst.
📊 Market Breadth
Across the broader IT stock universe used in this analysis, 93 of 145 stocks declined, while 49 advanced and 3 remained unchanged. Decliners represented 64.14%, compared with 33.79% for advancers. The breadth score was -30.34, indicating negative internal conditions. This universe should not be treated as the official index constituent universe unless separately verified.
| Category | Stocks | Share |
|---|---|---|
| Advancing | 49 | 33.79% |
| Declining | 93 | 64.14% |
| Unchanged | 3 | — |
| Breadth Score | -30.34 | |
🏢 Large Caps vs Smaller Stocks
The top 10 companies by market capitalization averaged -0.08%, while smaller stocks averaged -0.45%. The market-cap-weighted change was -0.27%, compared with a median change of -0.59% and a simple average of -0.43%. The leadership condition was balanced. The divergence indicates that the magnitude of the sector move was concentrated in larger companies.
🚀 Top Gainers
| Stock | LTP | % |
|---|---|---|
|
GENESYS
Genesys International Corporation Limited
|
₹299.67 | +9.25% |
|
EXCELSOFT
Excelsoft Technologies Limited
|
₹80.08 | +6.45% |
|
SECMARK
SecMark Consultancy Limited
|
₹149.16 | +5.44% |
|
SUBEXLTD
Subex Limited
|
₹19.76 | +5.11% |
|
PALREDTEC
Palred Technologies Limited
|
₹53.28 | +4.99% |
📉 Top Losers
| Stock | LTP | % |
|---|---|---|
|
ZEEL
Zee Entertainment Enterprises Limited
|
₹80.95 | -5.55% |
|
SILVERTUC
Silver Touch Technologies Limited
|
₹152.00 | -4.98% |
|
TVVISION
TV Vision Limited
|
₹2.88 | -4.95% |
|
DIGITIDE
Digitide Solutions Limited
|
₹88.28 | -4.76% |
|
RAJTV
Raj Television Network Limited
|
₹7.82 | -4.75% |
🏦 Largest Companies
Among the top gainers, Genesys International Corporation Limited gained 9.25% to 299.67, Excelsoft Technologies Limited gained 6.45% to 80.08, SecMark Consultancy Limited gained 5.44% to 149.16. On the losing side, Zee Entertainment Enterprises Limited fell 5.55% to 80.95, Silver Touch Technologies Limited fell 4.98% to 152.00, TV Vision Limited fell 4.95% to 2.88. Among the largest companies, Tata Consultancy Services Limited declined 0.18%, Infosys Limited gained 0.14%, HCL Technologies Limited declined 1.85%, Wipro Limited declined 0.42%, Tech Mahindra Limited gained 1.18%. The available research does not establish specific reasons for individual stock moves.
| Stock | Market Cap | LTP | % |
|---|---|---|---|
|
TCS
Tata Consultancy Services Limited
|
8,46,002cr | ₹2,204.10 | -0.18% |
|
INFY
Infosys Limited
|
4,65,983cr | ₹1,036.50 | +0.14% |
|
HCLTECH
HCL Technologies Limited
|
3,57,145cr | ₹1,207.00 | -1.85% |
|
WIPRO
Wipro Limited
|
1,79,225cr | ₹166.30 | -0.42% |
|
TECHM
Tech Mahindra Limited
|
1,60,830cr | ₹1,525.80 | +1.18% |
|
LTM
LTM Limited
|
1,38,330cr | ₹4,374.00 | -0.86% |
|
OFSS
Oracle Financial Services Software Limited
|
1,06,154cr | ₹11,725.00 | +0.82% |
|
PERSISTENT
Persistent Systems Limited
|
92,793cr | ₹5,509.50 | +1.67% |
|
COFORGE
Coforge Limited
|
89,315cr | ₹1,833.10 | -0.64% |
|
MPHASIS
MphasiS Limited
|
46,860cr | ₹2,291.70 | -0.68% |
📝 What the data suggests
Broad IT sector weakness
The data shows negative internal sector conditions. The relationship between breadth, large-cap performance and smaller-stock performance should be considered when interpreting the move.
👀 What to watch next
The divergence between large-cap and smaller stocks remains relevant to the sector's internal structure. The broad it sector weakness remains the key data-supported theme.
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Open Dashboard →Data generated at 11 Sept 2026. Not investment advice.