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On January 14, 2026 at 2:40 PM IST, India’s Nifty IT Index (.NIFTYIT) was last down 1.25%, reflecting weakness in major technology stocks. Global macroeconomic concerns, muted client spending, and cautious investor sentiment weighed on the sector, signaling short-term volatility ahead of quarterly earnings announcements.
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India’s Nifty IT Index (.NIFTYIT) extended losses in afternoon trade on January 14, 2026 at 2:40 PM IST, slipping 1.25% as selling pressure mounted across leading technology counters. The decline highlights investor caution amid global uncertainties and sector-specific challenges.
Key highlights of the update include:
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Index performance: Nifty IT last down 1.25%, marking one of the steepest sectoral declines of the day.
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Stock movement: Heavyweights such as Infosys, TCS, Wipro, and HCL Tech traded lower, dragging the index into negative territory.
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Global cues: Volatility in U.S. tech stocks and concerns over global IT spending influenced sentiment in Indian markets.
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Domestic factors: Margin pressures, currency fluctuations, and muted demand outlook weighed on investor confidence.
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Investor sentiment: Traders adopted a cautious stance ahead of Q3 earnings, with expectations of subdued revenue growth.
Analysts suggest that while long-term demand for digital transformation remains strong, near-term headwinds—such as slower client decision-making and global macroeconomic uncertainty—are likely to keep the sector under pressure. The decline underscores the importance of monitoring sectoral indices as India’s equity markets navigate both domestic and international challenges.
Sources: Economic Times, Business Standard, Moneycontrol.
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