Nifty has dropped 9% this year as several of its heavyweight constituents have come under sustained pressure from global investors. Among the biggest casualties has been the information technology sector. Foreign investors have pulled over $24 billion from Indian equities so far this year, redirecting capital toward East Asia's technology manufacturing hubs. Off this chunk, FIIs have pulled a whopping Rs 60,000 crore from IT stocks in 2026. Here are 10 major laggards.
LTI Mindtree
LTI Mindtree has emerged as the worst-performing Nifty IT stock in 2026, with its shares plunging 37.84% on a year-to-date basis.
Infosys
Infosys shares have declined 36.24% so far in 2026, making it the second-biggest laggard among Nifty IT constituents.
Tata Consultancy Services
TCS has shed 35.71% of its market value in 2026, reflecting sustained pressure on large-cap IT stocks.
Wipro
Wipro stock has fallen 33.62% year-to-date, placing it among the worst performers in the Nifty IT pack this year.
HCL Tech
HCL Tech shares have dropped 31.59% in 2026, extending the weakness seen across the broader technology sector.
L&T Technology Services
L&T Technology Services has declined 25.42% so far this year, making it one of the harder-hit engineering and technology services players.
Persistent Systems
Persistent Systems shares are down 22.86% year-to-date, significantly underperforming the broader market.
Mphasis
Mphasis has lost 19.56% in 2026, reflecting investor caution toward mid-tier IT services companies.
Tech Mahindra
Tech Mahindra shares have fallen 11.11% so far this year, though the decline is less severe than most of its larger peers.
Coforge
Coforge has proven to be the most resilient among the stocks on the list, with its shares declining 10.88% year-to-date.
