BREAKING: Nifty IT Slides 1% as Infosys Drops Sharply
June 26, 2025, 10:40 AM, Mumbai — Tech stocks are under pressure today with the Nifty IT Index dropping 1% and Infosys plunging 3%. Weak global cues, Accenture’s cautious guidance, and a strengthening rupee are fueling the selloff.
📉 Accenture’s Outlook Triggers Sector-Wide Fear
Global tech giant Accenture’s Q3 report warned of “soft bookings” and uncertainty into FY 2025 despite solid Gen-AI demand.
“Clients are tightening budgets amid macro uncertainty,” said Rishi Thakur, a market analyst at Elara Capital. “That spooks IT investors here too.”
This cautious commentary has impacted investor sentiment in Indian tech majors like Infosys and TCS.
💰 Profit Booking Hits Indian Tech After Rally
Investors are capitalizing on recent gains, leading to broad profit booking across the IT sector.
“Nifty IT saw a near 5% rally this month. Today’s dip reflects booking of profits,” said Sneha Dube, Equity Strategist at Axis Securities.
Mid-cap IT stocks also saw mild corrections, adding to the day’s weakness.
📈 Strong Rupee Erodes Export Margins
The Indian rupee climbed to a two-week high, closing near ₹85.70 per dollar. This rise is hitting exporters like Infosys and Wipro.
“Currency strength directly impacts dollar revenues of IT firms,” noted forex analyst Mayank Joshi. “It’s a silent earnings killer.”
This adds pressure to already cautious outlooks from global tech clients.
📊 Broader Market Holds, But IT Underperforms
Despite broader market strength—Sensex rose 1%—the IT segment lagged behind.
Banks and metals saw gains, but Nifty IT underperformed sharply, pulling sentiment slightly down across defensives.
Market experts expect volatility in tech to continue short-term.
FAQs About Tech Stock Fall Today
Q1: Why is Infosys stock down today?
A1: Infosys is down due to weak global tech guidance, rupee strength, and investor profit-booking.
Q2: Will Nifty IT recover soon?
A2: Short-term volatility is expected; recovery depends on Q2 earnings and global demand trends.
