Indian IT stocks trade lower, with the Nifty IT index falling by nearly 1% during the session. Shares of major companies including TCS, Infosys and Wipro are among the decliners, contributing to broad weakness across the sector.
Market participants and analysts attribute part of the movement to updated earnings expectations. One report says Citi analyst Surendra Goyal makes marginal revisions to TCS’s FY27–FY29 estimates, adjusting for foreign exchange-rate movements and minor operational changes. Other outlets in the set also reference the same general theme of estimate adjustments and cautious sentiment around large IT exporters, though they differ in how they highlight specific stock names and relative contribution to the index’s decline.
The reporting collectively points to continued sensitivity of IT earnings to currency fluctuations and incremental changes in operations, with large-cap results and expectations driving index performance.
