Nifty IT Index Today
The Nifty IT level, its valuation against its own year, and how smart money is positioned in every constituent - OI buildup, delivery, deals and trend - from NSE's own data.
The Nifty IT index tracks India's largest listed IT services and software companies on the NSE. This page shows the index level, its day, week and month move, its 52-week position, its P/E against its own past year, and every constituent with its price, F&O open-interest buildup, delivery percentage and trend - plus 30 days of bulk and block deals in IT stocks.
Nifty IT is the NSE's sectoral index for information technology - the large IT services and software exporters such as TCS, Infosys, HCLTech, Wipro and Tech Mahindra, alongside mid-sized firms, weighted by free-float market capitalisation. It is a narrow index dominated by a few heavyweights, so the biggest names can carry it on their own.
Indian IT is an export business. Most of the sector's revenue is earned from clients in North America and Europe, which makes it behave differently from the rest of the Indian market: it often responds more to the US economy, global technology spending and the rupee than to anything happening at home. That is also why it is one of the sectors foreign and domestic institutions rotate into and out of most deliberately.
This page adds the positioning the index level doesn't show: for every constituent, its open-interest buildup in F&O, its delivery percentage, whether it trades above its 200-day average, and 30 days of bulk and block deals in IT stocks - all from NSE-published files.
How to read the positioning in IT stocks
The open-interest buildup mix is the first check. Each IT stock in the F&O segment is classified every session: price and open interest rising together is long buildup, price rising while open interest falls is short covering, price falling while open interest rises is short buildup, and both falling is long unwinding. With only a handful of large names, a sector-wide reading is visible at a glance.
IT tends to move as a block around the quarterly results season and around US economic data, so the OI mix on those days says whether traders are adding positions behind the move or just closing them. Short covering after a sharp fall, for example, often marks relief rather than a change of view.
Delivery separates conviction from trading. IT heavyweights are among the most traded stocks in India, so a delivery percentage well above a name's own average - marked with a triangle in the table - points to genuine accumulation or distribution by longer-term holders.
The deal flow rounds it out. Large bulk and block deals in IT stocks are mostly institutions repositioning, and promoter-group transactions show up here too. Thirty days of net buying while the index drifted lower is a different picture from a rally that institutions are selling into.
What moves IT stocks in India
Client spending in the US and Europe is the biggest driver. When large clients cut discretionary technology budgets, deal wins slow and revenue growth guidance comes down; when they expand, the sector re-rates. US economic data and the commentary of large global technology firms move Indian IT stocks for this reason.
The rupee is the second. Because revenue is earned in dollars, euros and pounds while most costs are in rupees, a weaker rupee lifts reported margins and a stronger rupee squeezes them. That makes IT one of the few sectors that can benefit when the rupee falls.
The results season is the third. The large IT firms are usually among the first Indian companies to report each quarter, and their deal-win numbers, revenue guidance and margin commentary set the tone for the whole sector. Expect the widest OI and delivery swings in the weeks around results.
Over longer periods, technology shifts - cloud migration once, AI and automation now - change what clients buy and how services are priced, and wage costs and attrition decide how much of revenue growth reaches profit.
Reading the Nifty IT valuation
IT companies carry little debt and convert most of their profit to cash, so the P/E ratio is a reasonable first check for this sector. The useful comparison is not with other sectors but with the index's own history: this page places today's P/E against roughly the last year of sessions, with the percentile, low, median and high.
A P/E near the top of its own range usually means the market is pricing in a growth recovery; near the bottom, that it has priced in a slowdown. Neither is a signal by itself - valuation can stay at either end for a long time - but it frames how much good or bad news is already in the price.
Where this data comes from
The index level, points change, percentage change, P/E, P/B and dividend yield come from NSE's daily all-indices end-of-day file. The constituent list comes from NSE's own Nifty IT constituent file. Open-interest buildup is computed from the NSE F&O bhavcopy for the latest completed session, delivery from NSE's security-wise delivery file, and bulk and block deals from NSE's daily disclosures.
Index values are end-of-day; constituent prices are the latest available during the session. NSE does not publish index weights in its constituent file, so this page shows none. For how IT moves against other sectors, see the IT sector rotation guide and the sector flow table.
Key takeaways
- Nifty IT covers India's large IT services and software exporters and is dominated by a few heavyweights.
- Most IT revenue is earned abroad, so the sector follows global tech spending and the rupee more than domestic news.
- A weaker rupee tends to help IT margins - one of the few sectors where that holds.
- Read OI buildup across the sector around results season, when the widest swings happen.
- IT's P/E is best read against the index's own history, which this page shows.
- Every figure comes from an NSE-published file; positioning describes what happened, not what happens next.
Frequently asked questions
What is the Nifty IT index?
Nifty IT is an NSE sectoral index of information technology companies - mainly IT services and software exporters such as TCS, Infosys, HCLTech, Wipro and Tech Mahindra - weighted by free-float market capitalisation.
Which stocks are in the Nifty IT index?
The constituent table on this page is generated directly from NSE's published Nifty IT constituent file, so it always matches the current index. Each company links to its own page with prices, deals and F&O data.
Why do IT stocks move with the US market?
Because most of the sector's revenue comes from clients in North America and Europe. US economic data, the health of large global technology companies and changes in client spending feed directly into Indian IT firms' order books and guidance.
How does the rupee affect IT stocks?
IT companies earn largely in foreign currencies and pay most costs in rupees. A weaker rupee raises the rupee value of their revenue and tends to lift margins; a stronger rupee does the opposite.
Are institutions buying or selling IT stocks?
The smart-money panel shows what FIIs, mutual funds, insurers and sovereign funds bought and sold in Nifty IT stocks through bulk and block deals over the last 30 days, the net, and the largest of those deals with their counterparties. These are the largest disclosed trades; most institutional trading happens below the disclosure threshold, so treat it as a partial view.
Where can I see the Nifty IT P/E ratio?
In the index summary at the top of this page, from NSE's daily index file, together with where today's P/E sits against the index's own record over roughly the last year of sessions.
How often is this page updated?
Index level and valuation update from NSE's end-of-day file after each session; OI buildup and delivery when NSE publishes the session's F&O bhavcopy and delivery file in the evening; constituent prices during the session. Each block shows the date of its data.