HighNegative
Announced Wed, 24 Jun · 09:28 IST
TCS, Infosys, 8 other IT stocks plunge up to 38% in 2026. How many do you own?
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
FIIs have pulled over $24 billion from Indian equities in 2026, with around Rs 60,000 crore exiting IT stocks alone. Ten major IT stocks have declined between 10.88% and 37.84% year-to-date, led by LTI Mindtree at 37.84% and followed by Infosys at 36.24% and TCS at 35.71%, while Coforge proved most resilient at 10.88% decline. The Nifty has dropped 9% this year as global investors redirect capital toward East Asian technology manufacturing hubs.