GENERAL1 Oct 2026
Nifty IT crashes 11% in September: TCS, Infosys, Wipro among top losers — Can Q2 earnings spark a rebound? | Stock Market News
In September, the Nifty IT index fell 11%, far worse than the 6% drop in the Nifty 50. TCS, Infosys and Wipro were among the top losers. High interest rates, slow global growth and Generative AI (artificial intelligence) are making clients hold back tech spending. Investors now look to the Q2 earnings season for clues on demand.
Key Statutory Highlights
- The Nifty IT index dropped 11% in September, a steeper fall than the 6% decline in the Nifty 50.
- LTM fell around 13%, TCS about 12%, and Wipro and Infosys roughly 10% each during the month.
- JM Financial expects another soft quarter for large IT companies, while mid-tier firms may grow faster.
Actionable Advice for Taxpayers / Founders:If you hold IT stocks, wait for the Q2 results and management commentary before making any buy or sell decision, and speak to your financial adviser about how much IT exposure suits your goals. Treat any rebound expectation as a possibility, not a certainty.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: