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Nifty IT index hits three-year low amid earnings concerns

after close1 source ↓written by the desknot a recommendation

on Tuesday
3.6%
dropped between
2.5% and 4%

India’s Nifty IT index fell 3.6% on Tuesday, reaching its lowest point since May 2023, driven by a weak earnings outlook and fears of declining demand for traditional IT services. Analysts at HSBC noted that fourth-quarter earnings from top-tier IT firms largely missed expectations, raising concerns about competition from AI spending. Shares of major IT companies, including Tata Consultancy Services, Infosys, HCL Technologies, and Wipro, dropped between 2.5% and 4%.

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 12 May 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TCS closed −1.2% on the day of the news, from ₹2,300.30 to ₹2,272.80; Nifty +0.1% over the same session; futures OI +2.5%.

Bulletin at 16:06 IST on 12 May 2026. Every change is measured from ₹2,300.30, the last close before it, on 12 May. Nifty 50 is measured over the same sessions.

  • TCS close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TCS closes around the bulletin against the close before the news, with Nifty 50 rebased to it201623002585axis spans 28%before the news · 12 May2300Nifty 50TCSbulletinD0+1+3+56 May18 May27 MayFutures open interest, lotspeak 2.0 LReference close ₹2,300.30. 16 sessions from 6 May to 27 May; the price axis spans 28 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 %
Before12 May₹2,300.30basebase
On the day13 May₹2,272.80▼ −1.2%▲ +0.1%−1.3 pp difference
+1 session14 May₹2,246.00▼ −2.4%▲ +1.3%−3.7 pp difference
+3 sessions18 May₹2,283.20▼ −0.7%▲ +1.2%−1.9 pp difference
+5 sessions20 May₹2,327.40▲ +1.2%▲ +1.2%0.0 pp difference
Gap at the open, % · ₹
▲ +0.3%+5.75 on 13 May
Day's range, % · ₹
1.8%≈ 40 high to low
Volume on the day
0.82×the 20-session average
Futures OI on the day
▲ +2.5%+4,600 lots · short build-up · price −1.2%
Futures OI open, lots
1.9 L13 May · 26 May expiry
Futures premium, ₹
−35.60−1.6% to spot
Puts per call, by OI
0.56from 0.60 the session before
Max pain
2,400from 2,400 the session before

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