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Nifty IT Index Plunges, HCL, Infosys Lead Losses
17 Aug
Summary
- Nifty IT index dropped 1.75% on August 17, 2026.
- HCL Technologies, Infosys, and TCS saw significant declines.
- IT index has fallen 12.00% in the last year.
On August 17, 2026, the Nifty IT index closed at 30807.8, marking a 1.75% decrease for the day. This decline reflects broader market movements, with the benchmark Nifty 50 index also falling 0.32% to 24287.65, and the SENSEX dropping 0.36% to 77728.16.
Several key constituents of the Nifty IT index contributed to the day's losses. HCL Technologies Ltd shed 2.57%, Infosys Ltd slipped 2.51%, and Tata Consultancy Services Ltd dropped 2.02%.
In the longer term, the Nifty IT index has underperformed significantly. It has fallen 12.00% over the past year. This contrasts with the benchmark Nifty 50 index, which experienced a more modest slide of 1.40% during the same period. Other indices, such as Nifty Realty and Nifty Metal, showed positive movement, gaining 1.46% and 1.26% respectively.
