IT stocks crash on June 3: TCS slides over 7%, BSE IT Index falls more than 4%

Indian IT stocks witnessed notable selling pressure on June 3, 2026, contributing to weakness in broader market indices. The S&P BSE IT Index fell 4.27% to 28,822.46, underperforming the BSE Sensex, which declined 1.15% to 73,791.83. The Nifty 50 dropped 1.02% to 23,242.95.

Stock Performance (as of ~10:50 AM IST on June 3, 2026)

Here are the key IT and related stocks with their price movements:

• TCS: BSE ₹2,263.50 (-7.54%), NSE ₹2,266.00 (-7.39%)
• Tech Mahindra: BSE ₹1,498.80 (-4.59%), NSE ₹1,501.90 (-4.42%)
• HCL Technologies: BSE ₹1,199.10 (-3.59%), NSE ₹1,201.80 (-3.35%)
• Infosys: BSE ₹1,229.00 (-3.29%), NSE ₹1,231.80 (-3.07%)
• Mphasis: BSE ₹2,320.40 (-2.83%), NSE ₹2,325.10 (-2.62%)
• Wipro: BSE ₹205.00 (-2.31%), NSE ₹206.06 (-1.80%)
• Oracle Financial Services: BSE ₹10,224.80 (-1.13%), NSE ₹10,205.00 (-1.35%)
• Info Edge: BSE ₹1,013.85 (-0.21%), NSE ₹1,010.85 (-0.48%)

These declines occurred amid mixed global cues and sector-specific pressures.

Broader Market Context

• S&P BSE Sensex: Down 1.15%
• Nifty 50: Down 1.02%
• BSE IT Index: Down 4.27%

The IT sector emerged as one of the weaker performers on the day, with several frontline stocks recording losses exceeding 3-7%.

This article is based on the provided price data from June 3, 2026, and publicly available market updates. Stock prices are volatile and subject to change. Investors should consult latest exchange data and professional advice for investment decisions.