IT stocks drag India benchmarks lower after HCLTech's weak forecast - Reuters

<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxQYThmTWdEZ2dhQ24yTnRWN290bzBIeFJ2WEZLR1hFQmxPZzhwR1pPVUFiLWJhVk54S0ZKbkwzRlRPQkxjZHhiTG00OGdiMEtvQXprMGxRWUN1TC1SVWlqdDNqVEVpYV9JMEdSSGduWlJJQVpiWTZjYnJyWlIwZFg1cUZFTTREZUtUa3NXdWtIQXpLbUF1OTZ0Sl83REZxaS1FbEhPRUQycFZLa2lBU1h6VWpScTBvSWh4Q1JUZkRFbzJMZFE?oc=5" target="_blank">IT stocks drag India benchmarks lower after HCLTech's weak forecast</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

India's equity benchmarks fell on Wednesday, dragged by IT stocks after HCLTech forecast weak annual revenue growth, while investors assessed the outlook for U.S.-Iran peace talks following a ceasefire extension.

Weak Q4 results from HCL Technologies sparked a ₹92,000 crore erosion in IT stocks, with Infosys and Tech Mahindra leading the sectoral decline.

India's equity benchmarks fell on Wednesday, dragged by IT stocks after HCLTech forecast weak annual revenue growth, while investors assessed the outlook for U.S.-Iran peace talks following a ceasefire extension.

India's equity benchmarks opened lower on Wednesday after three consecutive sessions of gains, dragged by IT stocks after HCLTech forecast weak annual revenue growth and posted subdued results.

The Nifty IT index tumbled close to 4%, with HCL Tech emerging as the biggest drag, plunging nearly 10% after its Q4FY26 results failed to impress the Street.