NDTV Profit reported a 0.4% decline in India's Nifty IT alongside gains in several major technology shares at 12:39 a.m. ET (04:39 UTC), equivalent to 10:09 a.m. IST Monday.
NDTV Profit reported that HCL Technologies (HCLTech) advanced as much as 2.9%, Tata Consultancy Services (TCS) rose up to 1.4% and Persistent Systems added as much as 1.3%. NDTV Profit reported that Infosys fell more than 2% to a session low of ₹1,134.35, while Tech Mahindra dropped more than 2% to ₹1,752.70. NDTV Profit reported that Oracle Financial Services Software slipped nearly 2% to ₹10,179 and described Coforge's trading as choppy.
The broader Nifty was down 0.31% in the same snapshot. NSE Indices says the Nifty IT is designed to track the performance of India's information technology sector.
Nasdaq data show the Nasdaq Composite fell 572.99 points, or 2.14%, to close at 26,140.03 on Friday, Oct. 16. NDTV Profit also reported that a stronger rupee can reduce the rupee value of IT companies' overseas dollar-billed revenue when converted. Its report did not quantify the effect on individual shares in Monday's trading.
Infosys has scheduled a board meeting for Friday, Oct. 23, to consider half-year results through September 2026 and an interim dividend, according to a filing with the National Stock Exchange of India.
