Nifty IT Falls 3.6% as Large-Cap Weakness Drives Broad Sector Decline
MarketPulse Summary: Nifty IT declined 3.6% (1081.25 points) to 28913.95, with 102 of 145 stocks declining against 40 advancing. Large-cap-driven weakness was evident as the top 10 companies by market capitalization averaged -2.77%, while smaller stocks averaged -0.71%. Infosys fell 4.34% and Coforge dropped 5.38%.
📊 Key Numbers
📈 Sector Performance
| Metric | Value |
|---|---|
| Index Level | 28,913.95 |
| Previous Close | 29,995.20 |
| Change | -3.60% |
| Change Points | -1,081.25 |
🎯 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, 102 of 145 stocks declined, while 40 advanced and 3 remained unchanged. Decliners represented 70.34%, compared with 27.59% for advancers. The breadth score was -42.76, indicating strongly negative internal conditions. This universe should not be treated as the official index constituent universe unless separately verified.
| Category | Stocks | Share |
|---|---|---|
| Advancing | 40 | 27.59% |
| Declining | 102 | 70.34% |
| Unchanged | 3 | — |
| Breadth Score | -42.76 | |
🏢 Large Caps vs Smaller Stocks
The top 10 companies by market capitalization averaged -2.77%, while smaller stocks averaged -0.71%. The market-cap-weighted change was -2.57%, compared with a median change of -0.91% and a simple average of -0.85%. The leadership condition was large caps underperforming. The divergence indicates that the magnitude of the sector move was concentrated in larger companies.
🚀 Top Gainers
| Stock | LTP | % |
|---|---|---|
|
EXCELSOFT
Excelsoft Technologies Limited
|
₹75.23 | +8.93% |
|
ACSTECH
ACS Technologies Limited
|
₹59.99 | +4.99% |
|
DATAMATICS
Datamatics Global Services Limited
|
₹773.05 | +4.61% |
|
EMPOWER
Empower India Limited
|
₹2.10 | +4.48% |
|
ORCHASP
Orchasp Limited
|
₹1.42 | +4.41% |
📉 Top Losers
| Stock | LTP | % |
|---|---|---|
|
DCI
Dc Infotech And Communication Limited
|
₹270.80 | -9.96% |
|
TERASOFT
Tera Software Limited
|
₹255.40 | -6.22% |
|
COFORGE
Coforge Limited
|
₹1,845.00 | -5.38% |
|
CALSOFT
California Software Company Limited
|
₹35.15 | -5.00% |
|
RAJTV
Raj Television Network Limited
|
₹8.21 | -4.98% |
🏦 Largest Companies
Among the top gainers, Excelsoft Technologies Limited gained 8.93% to 75.23, ACS Technologies Limited gained 4.99% to 59.99, Datamatics Global Services Limited gained 4.61% to 773.05. On the losing side, Dc Infotech And Communication Limited fell 9.96% to 270.80, Tera Software Limited fell 6.22% to 255.40, Coforge Limited fell 5.38% to 1,845.00. Among the largest companies, Tata Consultancy Services Limited declined 2.11%, Infosys Limited declined 4.34%, HCL Technologies Limited declined 3.70%, Wipro Limited declined 2.62%, Tech Mahindra Limited declined 3.27%. The available research does not establish specific reasons for individual stock moves.
| Stock | Market Cap | LTP | % |
|---|---|---|---|
|
TCS
Tata Consultancy Services Limited
|
8,46,002cr | ₹2,208.00 | -2.11% |
|
INFY
Infosys Limited
|
4,65,983cr | ₹1,035.00 | -4.34% |
|
HCLTECH
HCL Technologies Limited
|
3,57,145cr | ₹1,229.80 | -3.70% |
|
WIPRO
Wipro Limited
|
1,79,225cr | ₹167.00 | -2.62% |
|
TECHM
Tech Mahindra Limited
|
1,60,830cr | ₹1,508.00 | -3.27% |
|
LTM
LTM Limited
|
1,38,330cr | ₹4,412.00 | -0.41% |
|
OFSS
Oracle Financial Services Software Limited
|
1,06,154cr | ₹11,630.00 | -1.27% |
|
PERSISTENT
Persistent Systems Limited
|
92,793cr | ₹5,419.00 | -2.54% |
|
COFORGE
Coforge Limited
|
89,315cr | ₹1,845.00 | -5.38% |
|
MPHASIS
MphasiS Limited
|
46,860cr | ₹2,307.50 | -2.02% |
📝 What the data suggests
Large-cap-led IT selloff
The data indicates large-cap-led it selloff. Sector breadth was negative, but the magnitude of the move was concentrated in large-cap stocks. The market-cap-weighted change of -2.57% was weaker than the median change of -0.91%, while the simple average was -0.85%. This indicates that larger companies had the strongest downward influence on the sector index.
👀 What to watch next
The divergence between large-cap and smaller stocks remains relevant to the sector's internal structure. The large-cap-led it selloff remains the key data-supported theme.
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Open Dashboard →Data generated at 09 Sept 2026. Not investment advice.