What caused the NIFTY IT index to fall on May 20, 2026?

The index fell 0.3% due to profit-booking after a three-day rally, with no major fresh triggers.

Which IT stocks were the top losers on May 20?

Infosys fell 0.8%, Tech Mahindra dropped 1.2%, and L&T Technology Services declined 0.9%.

What was the NIFTY IT index high on May 20, 2026?

The index hit a high of 29,500.70 in early trade before reversing.

IT Stocks Dip After Early Gains on May 20

On May 20, 2026, the NIFTY IT index experienced a volatile session, initially rising 0.65% to a high of 29,500.70 in early trade before reversing gains to close 0.3% lower. The index had rallied for three consecutive sessions from May 15 to May 19, 2026.

Among the 10 constituents, eight declined, with Infosys, Tech Mahindra, and L&T Technology Services (LTTS) leading the losses. Infosys fell 0.8%, TechM dropped 1.2%, and LTTS declined 0.9%, according to market data.

Analysts attributed the pullback to profit-booking after the recent rally, with no major fresh triggers. The broader market also showed mixed trends, with the Nifty 50 index flat.

Investors are now awaiting further cues from global markets and upcoming quarterly results for the IT sector.