TCS, Tech Mahindra, HCLTech crash up to 8%: Why are IT stocks falling after recent rally

Indian IT stocks fell sharply on Wednesday as investors booked profits after a two-day rally. Weak ADR cues, cooling global software momentum and uncertainty over AI gains weighed on sentiment.

Jun 3, 2026 - 09:00
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TCS, Tech Mahindra, HCLTech crash up to 8%: Why are IT stocks falling after recent rally
Indian IT stocks fell sharply on Wednesday as investors booked profits after a two-day rally. Weak ADR cues, cooling global software momentum and uncertainty over AI gains weighed on sentiment.

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