IT Sector

Sensex and Nifty 50 remain under pressure on August 19, 2026, extending their losing streak amid rising crude oil prices, Strait of Hormuz tensions, higher US Treasury yields, rupee weakness and continued FPI concerns.

Indian IT stocks came under pressure today, with the Nifty IT index declining more than 1.50%. Infosys, TCS, LTM, HCL Tech and Mphasis were among the major laggards. A weaker US dollar, rising crude oil prices, geopolitical uncertainty, profit booking and cautious global sentiment weighed on the sector. Here's a look at why IT stocks fell today and how mid-cap and small-cap IT stocks performed.

Indian benchmark indices ended sharply higher on August 3, with the Sensex gaining 544 points and the Nifty closing at 24,774. Strong buying in IT stocks, easing crude oil prices, improving FII sentiment, and the rollout of the new Closing Auction Session (CAS) drove the rally, while investors remained focused on the upcoming RBI policy meeting.

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Indian stock markets ended sharply higher on July 29, 2026, with the Sensex gaining 888.68 points and the Nifty closing at 24,250.20. The rally was driven by sustained buying in IT stocks, positive FII inflows, lower market volatility, and expectations of an unchanged US Federal Reserve interest rate. Infosys led the IT surge, while broad-based gains across FMCG, Metals, Pharma, and Financials boosted overall market sentiment.

Kaynes Technology shares rallied over 13% after reports of semiconductor expansion plans under India Semiconductor Mission 2.0. The company is exploring global partnerships for wafer fabrication, materials, and chip ecosystem development while leveraging its ₹3,307 crore Sanand OSAT facility.

Infosys surged more than 5% in intraday trade after Jefferies upgraded the IT sector and added the company to its India Model Portfolio. Improving AI sentiment and global rotation away from Asian chip stocks further supported the rally.