Nifty IT index falls as TCS, Infosys, Wipro shares slip 1.5%

The Nifty IT index fell in early trade on Thursday as heavyweights TCS, Infosys, and Wipro shares each slipped about 1.5%. The decline came on the weekly expiry day for futures and options contracts, when market volatility tends to be higher than usual.

Investors were spooked by AI-led disruptions and high valuations amid an overall bearish market sentiment, according to NDTV Profit. The broad sell-off in information technology stocks reflected growing concerns about the sector's near-term outlook.

The weekly F&O expiry added to the pressure on the index. Traders will watch for any recovery in the remaining session.