Why did Indian IT stocks fall today?

A fresh round of AI agent tools raised fears that automated workflows can replace parts of high‑margin services like support and testing. That drove profit‑taking across large caps, pushed the nifty it index lower, and spiked volumes. The broad market stayed firm, but tech lagged as investors reassessed near‑term pricing power and demand visibility.

How did Infosys and TCS perform during the session?

Infosys closed at ₹1,535.8, down 5.74%, with an intraday low of ₹1,510.1 and unusually high volume. TCS ended at ₹2,999.1, down 5.38%, trading between ₹2,986 and ₹3,120. Both stocks showed wide ranges, confirming elevated uncertainty and explaining why it stocks down today across top IT names.

What technical levels should traders watch this week?

For INFY, watch support near ₹1,510 and resistance around ₹1,585, with ATR near ₹28 suggesting wider swings. For TCS, support sits near ₹2,986 and resistance at ₹3,120. If prices close back above mid‑Bollinger levels in coming days, it may signal stabilization after the AI‑driven slide.

What upcoming events could change the narrative?

Quarterly updates are key. TCS reports on April 09, 2026, and Infosys on April 15, 2026. Guidance on client budgets, renewal pricing, and how AI offerings are packaged will matter. Any evidence of AI‑led revenue adds could ease concerns, which is central to why it stocks down today.

Global Market Insights

INFY.NS Stock Today: February 05 — AI Jitters Trigger Nifty IT Rout

ByHuzaifa Zahoor February 4, 2026February 4, 2026

Why it stocks down today is the big question after Indian technology names tumbled on February 05. Fresh AI agent tools from Anthropic stoked worries that automated workflows could dent high‑margin services. INFY.NS fell as much as 8.8% intraday, while the Nifty IT Index slid nearly 6%. This came even as GIFT Nifty today live signalled a firm start on trade deal cheer. We break down drivers, prices, technicals, and what investors should track next.