TCS, Infosys, Wipro See Share Decline as Indian IT Sector Slides 11 Percent

TCS shares fell ahead of its upcoming Q2 earnings, with analysts noting pressure from AI‑driven automation and a broader market sell‑off. Investors are watching the upcoming earnings report for signs of revenue impact from automation.

Infosys experienced a similar drop, its stock joining an 11 percent fall in the Nifty IT index, reflecting investor concerns over slower hiring and rising layoff rumors. The index’s 11 percent drop was the largest monthly decline for IT stocks in recent history.

Wipro also saw its price slide, while the company announced a restructuring plan that includes cutting several thousand jobs as AI tools replace routine coding tasks. The job cuts are expected to affect both on‑shore and offshore delivery teams.

Campus Placements at major Indian IT firms have slipped, prompting TCS, Infosys and Wipro to rethink recruitment strategies and focus on upskilling existing staff for AI projects. Firms are now prioritizing AI upskilling over traditional campus hiring to retain talent.