Stock Market Today: Sensex at 83,256, Nifty 25,668 as Infosys Drops 3.03%, TCS Down 2%

Overview:

• Sensex erased early gains and fell 194 points to 83,256 as heavy selling in IT stocks dragged overall market sentiment lower.

• Nifty slipped to 25,668 with Infosys share price dropping 3.03% despite strong ‘Buy’ ratings and optimistic AI-driven revenue projections from global brokerages.

• Ola Electric rose to Rs. 29.35 on legal relief, while Nifty’s 25,500 support level remains critical for short-term market direction.

The stock market today opened on a positive note. Sensex started at 83,553.59 and Nifty at 25,752.65 but gains evaporated quickly. At press time, Sensex was trading at 83,256.74, down 194.22 points or 0.23%. Meanwhile, Nifty 50 was at 25,668.05, down 57.35 points or 0.22%. It’s a classic case of a fake-out start where early buyers got trapped before the real selling began. The IT sector which helped Sensex recover 400 points yesterday, bore the brunt today.

Here is the latest share market news you need to know for success, based on BusinessLine live updates.

IT Stocks Bleed

The sharp fall in IT stocks dragged benchmark indices. Infosys share price led the losses, falling 3.03% to Rs. 1,349.10. Tech Mahindra dropped 2.60% to Rs. 1,484.20, Wipro shed 2.21% to Rs. 210.92. At the same time, TCS stock declined 2% to Rs. 2,663.10, and HCL Technologies fell 1.88% to Rs. 1,454.80.

Infosys Shares in Focus: What Analysts Are Saying

Despite the stock's slide, the share market news around it was mostly positive. Most brokerages maintained ‘Buy’ ratings on the stock, with target prices ranging from Rs. 1,760 (Morgan Stanley) to Rs. 2,050 (JPMorgan).

The key highlight of the optimistic outlook is Infosys’ AI-first offerings, which now account for 5.5% of its revenues as of Q3 FY26. The company sees a US$300-400 billion global AI services opportunity by 2030, driven by process AI, agentic legacy modernisation, and enterprise tech debt clearance.

BofA maintained a Buy with a target price of Rs. 1,840, calling Anthropic partnerships a sign of Infosys' role in enterprise AI. UBS (Buy, Rs. 1,870) said AI opportunities will outweigh any productivity-led revenue compression. Jefferies (Buy, Rs. 1,880) flagged Infosys Topaz Fabric as a key platform play. CLSA held an Outperform with a Rs. 1,779 target.

Share Market News: Key Updates

Adani Ports shares slipped 1.51% to Rs. 1,542.60. Despite the company signing an MoU with the Port of Marseille Fos to deepen cooperation on trade and energy transition.

Eternal (Zomato's parent) traded flat after an initial 1% gain, following news of a strategic collaboration with OpenAI.

Maruti Suzuki stock was in focus after Nomura kept its ‘Buy’ rating with a target of Rs. 16,118. The brokerage noted Maruti's eVitara EV was launched at competitive Battery-as-a-Service pricing, though it may not be profitable in the near-term.

Ola Electric Mobility share price rose to Rs. 29.35 from a previous close of Rs. 27.98. The rise came after the Bombay High Court at Goa stayed an arrest warrant issued against CEO Bhavish Aggarwal.

Dabur shares dropped nearly 2% to Rs. 507.75 after the company announced a management change. Mohit Malhotra has been redesignated as Global CEO, while Herjit S. Bhalla has been named CEO, India Business, effective April 15, 2026. Morgan Stanley holds an ‘Underweight’ rating on the stock with a target of Rs. 400.

BHEL traded flat at Rs. 264.50 on the NSE after receiving a Letter of Acceptance from SAIL for a Captive Power Plant project. SAIL shares rose 2% to Rs. 159.95.

Commodities and Asian Markets 

Indian rupee firmed up 5 paise to 90.67 against the US dollar in early trade, supported by a drop in crude oil prices and FII inflows. Gold was trading near $4,880 per ounce, roughly flat after a two-day decline of over 3%.

Trading in Asian markets was thin due to the Lunar New Year holiday. Crude oil futures edged higher. April Brent was at $67.66 (up 0.36%) and WTI was at $62.43 (up 0.27%), despite positive US-Iran nuclear talks.

Also Read: US Stock Market Today: US Equities Hold Steady as Investors Reassess AI Risks and Tech Valuations

Market Outlook

The stock market today faces near-term pressure, while the IT sector, the traditional engine of the Nifty, is misfiring. We are entering a phase where easy money has been made, and the index now needs a fresh catalyst to break past the 26,000 mark.

If the Nifty fails to hold the 25,500 support level this week, we could see a deeper correction as foreign investors look for better value in other emerging markets. Citi's December 2026 Nifty target stands at 28,500. Key risks include IT slowdown, wage moderation, and FII flow volatility. Until we see the big institutional players stop selling the rallies, expect the market to be volatile.

Also Read: Microsoft Stock Holds Near $401; Is $600 the Next Target?

FAQs

1. Why is the stock market down today?

The market opened higher but could not sustain gains as selling pressure emerged in IT stocks. Infosys, TCS, Wipro, and Tech Mahindra all declined sharply. Since IT has a strong weight in both Sensex and Nifty, its fall pulled the indices lower. Weak global cues and cautious investor sentiment also added pressure.

2. What is Infosys share price today?

Infosys fell 3.03% to Rs. 1,349.10 even though brokerages maintained Buy ratings with higher target prices. Investors may have booked profits after recent gains. Markets sometimes react negatively in the short term despite strong long-term outlooks. The broader weakness in IT stocks also contributed to the decline.

3. How are Ola Electric Mobility shares performing?

Ola Electric Mobility share price rose to Rs. 29.35 after the Bombay High Court at Goa stayed an arrest warrant against CEO Bhavish Aggarwal. This legal relief improved investor sentiment. When uncertainty reduces, investors often return to the stock, leading to short-term gains.

4. What levels should investors watch for Nifty?

Nifty is currently near 25,668, and the key support level is around 25,500. If the index falls below this level, a deeper correction could follow. On the upside, the 26,000 mark remains an important resistance level. Traders are watching these levels closely for the next big move.

5. What is the broader outlook for the Indian stock market?

The near-term outlook remains cautious due to IT sector weakness and foreign investor activity. However, long-term projections remain positive, with Citi maintaining a December 2026 Nifty target of 28,500. Market direction will depend on earnings growth, global trends, and stability in FII flows.