EL7.AI
StocksMedium•9 November 2026•
1 min read

Nifty IT Index Drops 2% as Indian Tech Firms Lose Rs 50,000 Crore in Market Cap

Key Facts

1The Nifty IT index declined by 2%, leading to a market capitalization loss of approximately Rs 50,198 crore across the sector.
2Infosys saw a market capitalization erosion of Rs 11,222 crore amid a broad sector sell-off.

The Nifty IT index declined by 2%, leading to a market capitalization loss of approximately Rs 50,198 crore across the sector. Zee Business reported that Infosys saw a market capitalization erosion of Rs 11,222 crore amid a broad sell-off that also impacted TCS and HCL Technologies.

INFY closed at $12.5 on November 6, 2026, as the sector faced selling pressure driven by investor anxiety regarding AI-related investment returns and a slowdown in traditional technology spending. Other market cap losses included HCL Technologies at Rs 11,466 crore and Tech Mahindra at Rs 3,210 crore.

The Indian market outlook remains tied to upcoming economic data, with the Inflation Rate YoY scheduled for release on November 12, 2026. Forecasts suggest a rate of 5.93%, up from the previous reading of 5.54%.

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