30-Jun-2026 12:37:41
Nifty IT Hits 52-Week Low as Infosys, TCS, Wipro Fall Up to 3%
The Nifty IT index slipped to a fresh 52-week low, with shares of Infosys, Tata Consultancy Services, Wipro and other technology firms declining up to 3%. Investor sentiment was hit by concerns over slowing discretionary technology spending in key overseas markets, particularly the US, which accounts for a large share of revenue for Indian IT companies. Persistent uncertainty around global economic growth and weaker deal momentum have further weighed on the sector, extending its recent underperformance.