DLF, Sobha, The Phoenix Mills, Brigade Enterprises, Anant Raj and Oberoi Realty between 1% and 3%.The carnage in IT stocks sent Indian newspaper indices plummeting. While Nifty fell 1.4% or 350 points to 25,361.50, the BSE Sensex fell 1,300 points to hit the day’s low of 81,934.73.
IT companies such as Tata Consultancy Services (TCS), Infosys and HCL Technologies, among others, faced heavy selling pressure on Tuesday after Anthropic said its Claude Code tool can be used to modernize legacy systems running on COBOL.
Shares of Infosys fell over 4%, HCL Technologies fell 6% and Mphasis fell 4%, while Persistent Systems fell over 7%. TCS fell 4%, Tech Mahindra 7% and Wipro around 3%, pushing the Nifty IT index down nearly 5% to 30,026.05 as of 2:26 p.m.
Also read: Stock market crash: Investors lose Rs 6 lakh crore as Sensex crashes 1,300 points. 6 factors why the stock market is falling today
Snapshot of real estate stock performance
Real estate stocks have severely underperformed so far in 2026. The Nifty Realty index has fallen 10% this year. On a yearly basis, the index has fallen by 5%.
Brigade Enterprises, Lodha, Signatureglobal and Godrej Properties have seen their prices fall by double digits to 27% in a year. A handful of stocks like Sobha, Prestige Estates, Phoenix Mills and Anant Raj have managed to sustain gains between 5% and 24% over the same period.
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