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IT stocks decline amid US-Iran war tensions

after close1 source ↓written by the desknot a recommendation

by 9
1.50%

Indian IT stocks faced significant selling pressure on Friday, with the Nifty IT index dropping 1.50% by 9:30 AM. This decline follows a sell-off in US software stocks and escalating tensions related to the US-Iran conflict. Major players like Infosys, Wipro, and TCS were notably affected, reflecting broader market concerns. 📉

• Heavy sell-off in US software stocks

• Escalating US-Iran tensions impacting sentiment

• Indian IT majors like Infosys and Wipro saw sharp declines

Traders should monitor geopolitical developments as they may continue to influence market dynamics.

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 20 Feb 2026, 16:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

INFY closed −1.9% on the day of the news, from ₹1,353.20 to ₹1,327.50; Nifty +0.6% over the same session; futures OI −0.1%.

Bulletin at 16:09 IST on 20 Feb 2026. Every change is measured from ₹1,353.20, the last close before it, on 20 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 it121213531494axis spans 23%before the news · 20 Feb1353Nifty 50INFYbulletinD0+1+3+516 Feb26 Feb10 MarFutures open interest, lotspeak 2.3 LReference close ₹1,353.20. 16 sessions from 16 Feb to 10 Mar; the price axis spans 23 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 %
Before20 Feb₹1,353.20basebase
On the day23 Feb₹1,327.50▼ −1.9%▲ +0.6%−2.5 pp difference
+1 session24 Feb₹1,275.50▼ −5.7%▼ −0.6%−5.2 pp difference
+3 sessions26 Feb₹1,289.10▼ −4.7%▼ −0.3%−4.5 pp difference
+5 sessions2 Mar₹1,288.90▼ −4.8%▼ −2.8%−2.0 pp difference
Gap at the open, % · ₹
▼ −0.1%−1.22 on 23 Feb
Day's range, % · ₹
2.5%≈ 34 high to low
Volume on the day
0.88×the 20-session average
Futures OI on the day
▼ −0.1%−200 lots · long unwinding · price −1.9%
Futures OI open, lots
2.2 L23 Feb · 24 Feb expiry
Futures premium, ₹
−0.90−0.1% to spot
Puts per call, by OI
0.48from 0.49 the session before
Max pain
1,400from 1,400 the session before

Source NSE UDiFF bhavcopy · INFY on the desk →

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