By 5paisa 13 Mar 2025
The Nifty IT index has fallen over 21% from its highs, entering bear market territory. This sharp decline has erased Rs 8.4 lakh crore in market value as investor uncertainty rises.
Among the hardest hit in the Nifty IT index, LTIMindtree has plunged 34%, and blue-chip stocks Infosys and TCS have seen losses of around 24%. Investors are actively offloading their positions.
The fall in TCS shares has led to a loss of Rs 3.8 lakh crore, while Infosys' decline resulted in Rs 1.7 lakh crore being wiped off its market capitalisation.
Wipro, the sole outlier in the Nifty IT index, has seen a 17% drop from its highs, classifying it as a correction rather than entering a full-blown bear market.
Global volatility, including concerns over US President Trump’s tariffs, has led to a downturn in the Indian IT sector. Analysts warn of rising risks affecting revenue growth and valuations.
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