Wipro and Infosys were among the top losers in the IT sector on June 23, 2026.
1 report, 1 independent
Updated Jun 23
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What happened
Wipro and Infosys were among the top losers in the IT sector on June 23, 2026.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Geopolitical easing in West Asia and IT sector performance influenced market mood on June 23, 2026.Also in this story
- The West Asia conflict has caused disruptions in business travel, leading online travel companies Yatra and ixigo to file clarifications with SEBI regarding their operations.
- Truce de-escalation benefits both economies involving India and West Asia.
- Geopolitical tensions in West Asia are causing capital rotation, profit-booking, and market impacts on India due to global capital flows and US bond yields.
The entities involved
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Wipro
Indian information technology services corporation headquartered in Bengaluru, India
- 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.
- 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.
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Infosys
Indian multinational technology company
- 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.
- 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.