Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge
- Posted on July 15, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
IBM's unprecedented 25% single-day stock decline has triggered significant market volatility across the global technology sector. Indian IT giants including TCS, Infosys, Wipro, and HCLTech are facing considerable downward pressure as investors reassess sector fundamentals. The contagion effect extends to US-listed ADRs, reflecting broader concerns about IT service valuations and growth prospects amid challenging macroeconomic conditions.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge
Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may face selling pressure after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up to 4%, while global software peers also declined.
