At around 2.40 pm, Nifty IT was trading at 25,975.00 down by 130.70 points or 0.5%. The index has touched an intraday high and low of 26,114.60 and 25,738.15 respectively.
On the index, Naukri.com was the top underperformer in percentage terms, tumbling nearly 2%.
Major stocks like L&T Infotech and Tech Mahindra dragged the index most by plunging 1.2% and 1.3% respectively.
Nearly, 1% drop each was recorded in heavyweight Infosys and Mindtree. Wipro also dived over 0.5%.
Coforge was down 0.5% as well, while HCL Tech traded marginally lower.
On the other hand, TCS was performing in green higher by 0.2%.
Tata Consultancy Services (TCS) has been selected by Skanska, as a strategic partner to help achieve its ambition of becoming the most digitally advanced company in the construction industry.
Mphasis was the top gainer surging by 0.4%.
Nifty IT still outperforms benchmark Nifty 50 which is trading at 14,649.45 down by 165.30 points or 1.12%.