IT Stocks Sink Despite Market Rally: Nifty IT Hits 3-Year Low

As on 17 March 2026, despite a strong rebound in benchmark indices like Nifty 50, the IT sector remained under pressure as Nifty IT declined another 2%, hitting a three-year low. Heavyweights such as

Ltd slipped up to 3.78%, while Infosys Ltd dropped around 2.78% in early trade. The persistent weakness reflects ongoing concerns over global demand slowdown, and margin pressures. While broader markets show resilience intraday, IT stocks continue to lag, indicating sector-specific headwinds. Investors remain watchful for stability signals before fresh accumulation in IT counters. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.