Infosys, TCS, Wipro, HCLTech & More IT Stocks Tumble as Nifty IT Falls 1.6% on US Tech Weakness, AI Disruption

Indian IT stocks came under renewed selling pressure on Wednesday, February 18, reversing the gains seen in the previous session. The decline tracked weakness in US technology shares overnight, which dampened sentiment across global and domestic tech counters.

Infosys, TCS, Wipro, HCLTech & Other Major IT Stocks Under Selling Pressure

Frontline IT majors including Infosys, TCS, Wipro, and HCL Tech were trading lower in intra-day deals, dragging the Nifty IT index down by around 1.6 percent. The sell-off was broad-based, with all index constituents remaining in negative territory during the session.

The sector continues to grapple with rising uncertainty as rapid advancements in artificial intelligence reshape the technology landscape. Investors are increasingly cautious amid concerns that AI-led disruption could challenge the traditional outsourcing model and pressure growth prospects for Indian IT services firms.

Infosys Share Price Today

Shares of Infosys Ltd on NSE were trading at Rs 1,369.40, down Rs 22.40 or 1.57 percent as of 1:14 pm on February 18. The stock opened at Rs 1,390.90, touched an intra-day high of Rs 1,401.00, and slipped to a low of Rs 1,345.30 during the trading session.

Tech Mahindra Share Price Today

Shares of Tech Mahindra Ltd on NSE were trading lower on February 18. As of 1:21 pm, the stock was priced at Rs 1,490.30, down Rs 33.50 or 2.20 percent for the day. The stock opened at Rs 1,524.60 and touched an intra-day high of Rs 1,528.60 before slipping to a low of Rs 1,481.70 during the session.

Over the past 52 weeks, Tech Mahindra has recorded a high of Rs 1,854.00 and a low of Rs 1,209.40.

LTIMindtree Share Price Today

LTIMindtree Ltd witnessed notable selling pressure on February 18, with the stock trading at Rs 5,027.00 as of 1:27 pm on NSE, marking a decline of Rs 137.50 or 2.66 percent for the day.

The stock began the session at Rs 5,181.50 and rose to an intra-day high of Rs 5,195.00. However, it later slipped to a low of Rs 4,995.00.

HCLTech Share Price Today

HCLTech traded in negative territory on February 18. At 1:29 pm, the stock was priced at Rs 1,462.60 on NSE, down Rs 20.00 or 1.35 percent for the day. The stock opened at Rs 1,483.20 and also touched its intra-day high at the same level. However, it later declined to a low of Rs 1,443.40.

Wipro Share Price Today

ON NSE, Wipro Ltd also traded under pressure on February 18. As of 1:33 pm, the stock was trading at Rs 210.89, down Rs 4.80 or 2.23 percent for the day. The stock opened at Rs 216.20 and touched an intra-day high of Rs 216.40 before slipping to a low of Rs 210.26 during the session.

TCS Share Price Today

Tata Consultancy Services (TCS) traded lower on February 18, reflecting weakness across the IT pack. As of 1:35 pm, the stock was quoted at Rs 2,686.40, down Rs 31.00 or 1.14 percent for the day.

The stock opened at Rs 2,730.00 and also marked its intra-day high at the same level. It later slipped to an intra-day low of Rs 2,657.30.

Divergence in IT Stocks: Wealth Destroyers or Future Multibaggers?

"The sharp correction in IT stocks reflects a structural headwind rather than a temporary sentiment-driven sell-off. The rise of agentic AI signals that the conventional manpower-led, linear revenue growth model is under pressure. In our view, the era of broad-based rerating for generic service-driven IT companies is over," said Prasenjit Paul, Equity Research Analyst at Paul Asset & Fund Manager at 129 Wealth Fund.

"Investors should exercise caution and avoid fresh allocations to commoditised service players, using market bounces as potential exit opportunities instead of entry points. That said, corrections of this nature also create divergence," the expert added.

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