- Global textile market competition continues, with high international participation in ITMA involving key players like China, Europe, India, and Türkiye.
- Global economic slowdown affects both China and Europe, while China's competitive pressures are noted on major technology companies.
Global market slowdown and geopolitical factors are impacting IT services revenue and sales across major companies like Infosys, Wipro, and HCL.
1 report, 1 independent
Updated Sep 1
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What happened
Global market slowdown and geopolitical factors are impacting IT services revenue and sales across major companies like Infosys, Wipro, and HCL.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Wipro, Infosys, and HCL are facing market headwinds due to rising input costs, intense competition, and regulatory pressures affecting their operations.Sub-event
IT services face weak demand and client caution amid global slowdown and geopolitical pressures.1 source
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The entities involved
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
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Infosys
Indian multinational technology company
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.
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Wipro
Indian information technology services corporation headquartered in Bengaluru, India
- Major Indian IT companies, including TCS, Infosys, Wipro, and HCL, are currently locked in a fierce competition for market leadership, with TCS also vying with Reliance Industries.
- Major Indian IT companies including TCS, Infosys, Wipro, and HCL experienced significant stock price declines on January 1, 2026, amidst market corrections and expert commentary on TCS.
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HCL Technologies
information technology consulting, outsourcing services and software development company
Related events
- The IT sector, including HCL Technologies and Persistent Systems, is experiencing a decline due to weak global market cues.
- China's sales outlook remains challenging while the Indian market shows promise amid Middle East supply chain impacts.
- Infosys, HCL Technologies, Adani Enterprises, and Titan experienced mixed market performance on September 15, 2026, with some gains and sell-off pressures.
- Market sell-offs are underway as escalating Middle East tensions drive oil price increases, while a new Chinese AI model challenges leading US tech companies like Nvidia, IBM, and OpenAI.
- The IT sector is currently facing economic headwinds due to global spending cuts.