The Nifty IT Index was among the worst-performing sectoral indices on Monday, 8 June, down 2%. The decline was primarily driven by sharp losses in heavyweight IT stocks as investor sentiment remained subdued amid global macroeconomic uncertainties
Among the losers, Wipro led the decline, tumbling 6.46% to ₹185.55 after witnessing strong selling pressure. TCS slipped1.47% to ₹2,166.50, while Coforge lost 0.28% to ₹1,431.50. Infosys remained largely subdued, declining 0.11% to ₹1,196.20.
On the other hand, a few IT stocks bucked the weak trend and ended higher. Tech Mahindra was the top gainer in the index, rising 1.25% to ₹1,502. Mphasis gained 0.86% to ₹2,350, while Persistent Systems advanced 0.33% to ₹5,055. LTIMindtree and OFSS also posted modest gains of 0.10% and 0.09%, respectively, helping limit the overall decline in the Nifty IT index.
