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IT stocks decline sharply amid AI-driven market concerns

after close1 source ↓written by the desknot a recommendation

dropping
6%
36,393.70

Indian IT stocks fell sharply on Wednesday, with the Nifty IT index dropping over 6% to 36,393.70. Major players like Infosys, TCS, and Tech Mahindra saw declines of nearly 6% each, reflecting growing fears that AI will intensify competition in the sector. This downturn positions the IT sector as the top loser on the benchmark indices.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 Feb 2026, 16:12 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

INFY closed −1.0% on the day of the news, from ₹1,535.80 to ₹1,520.20; Nifty −0.5% over the same session; futures OI +0.1%.

Bulletin at 16:12 IST on 4 Feb 2026. Every change is measured from ₹1,535.80, the last close before it, on 4 Feb. Nifty 50 is measured over the same sessions.

  • INFY close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
INFY closes around the bulletin against the close before the news, with Nifty 50 rebased to it136615311696axis spans 24%before the news · 4 Feb1536Nifty 50INFYbulletinD0+1+3+530 Jan10 Feb19 FebFutures open interest, lotspeak 2.2 LReference close ₹1,535.80. 16 sessions from 30 Jan to 19 Feb; the price axis spans 24 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Feb₹1,535.80basebase
On the day5 Feb₹1,520.20▼ −1.0%▼ −0.5%−0.5 pp difference
+1 session6 Feb₹1,507.10▼ −1.9%▼ −0.3%−1.6 pp difference
+3 sessions10 Feb₹1,497.80▼ −2.5%▲ +0.6%−3.1 pp difference
+5 sessions12 Feb₹1,386.00▼ −9.8%▲ +0.1%−9.9 pp difference
Gap at the open, % · ₹
▼ −0.1%−1.84 on 5 Feb
Day's range, % · ₹
2.3%≈ 35 high to low
Volume on the day
1.24×the 20-session average
Futures OI on the day
▲ +0.1%+130 lots · short build-up · price −1.0%
Futures OI open, lots
1.8 L5 Feb · 24 Feb expiry
Futures premium, ₹
+6.50+0.4% to spot
Puts per call, by OI
0.46from 0.49 the session before
Max pain
1,540from 1,540 the session before

Source NSE UDiFF bhavcopy · INFY on the desk →

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