Why Tech Stocks Took a Tumble: Infosys, TCS & HCL Tech in Red as Nifty IT Slides

Welcome Back Investor!

Indian stock markets started Tuesday on a muted note, with the Nifty 50 dipping 0.1% and the Sensex barely moving. The cautious tone comes after Donald Trump warned Tehran of “severe consequences” over reported threats to U.S. interests raising geopolitical stakes in an already fragile global environment. Add to that subdued global cues and mixed signals from Asian peers, and traders are opting for wait-and-watch mode.

Let’s dive in!

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Today’s Market Menu

▪️ Impact News

▪️ Markets

▪️ Everything else you need to know today

▪️ Special

▪️ Mindset

▪️ Stock Screener to up your game

IMPACT NEWS

📉 Tech Slide Alert: Why Indian IT Stocks Are Feeling the Heat

The Nifty IT Index fell by 1.4% today, weighed down by a sharp 3% drop in Infosys, over 2% in HCL Tech, and red across the rest of the board. What triggered this dip? It goes deeper than surface-level volatility.

🔍 Three key reasons:

1. Accenture’s AI Guidance Sparks Concern: Accenture delivered decent Q3 results but their commentary raised eyebrows. While clients are pivoting hard toward GenAI-led reinvention, Accenture warned of soft bookings and lingering macro headwinds. For Indian IT still focused on cost-efficiency this raises questions about readiness to shift gears.

2. Strategic Disparity is Growing: Accenture is unifying its offerings under a bold “Reinvention Services” umbrella chasing end-to-end, innovation-first deals. Indian IT majors, however, remain tethered to traditional managed services. This contrast signals a widening strategic gap and shakes investor confidence.

3. Bookings Are Cooling Off Especially in GenAI: Even Accenture’s GenAI-related bookings showed signs of slowing. That’s unnerving for Indian tech companies whose growth pipelines often mirror global trends.

💡 Bottom Line:
This isn’t about poor results it’s about evolving expectations. The future of tech isn’t just digital it’s transformational. Indian IT firms must now ask: are we riding the wave of reinvention, or watching it pass by?

MARKETS

The Indian markets closed in the red as Sensex dropped 511 points and Nifty 50 fell by 140 points, reflecting cautious investor sentiment likely tied to global uncertainty and rising oil prices. Bank Nifty too slipped by 193 points, adding pressure. But it wasn’t all gloom Nifty Midcap 100 bucked the trend, gaining 211 points, suggesting selective buying in broader markets.
_{Closing figures as on 23.06.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Trent Ltd. (+3.77%) Trent surged after being officially included in the Sensex 30 index. This move prompted institutional buying as passive funds tracking the Sensex adjusted their holdings. The stock hit a 5-month high, showing strong investor enthusiasm.

✅ BEL (+3.10%) Just like Trent, BEL was added to the Sensex, replacing IndusInd Bank. Index inclusion often boosts buying interest from ETFs and large-cap mutual funds, pushing the stock up.

✅ Hindalco (+1.89%) Hindalco gained on the back of positive global commodity cues, especially improved demand sentiment from China. Metal stocks broadly saw support despite overall market weakness.

✅ Bajaj Finance (+1.16%) Bajaj Finance likely benefited from NBFC sector optimism, sparked by the buzz around HDB Financials' upcoming mega IPO. Investors see it as a sector-wide validation of future growth potential.

Top Losers

🔻 Infosys (-2.40%) Infosys dragged Nifty lower amid renewed global tech demand concerns and broad selling pressure in the IT space. No specific negative news, but sector sentiment was weak across the board.

🔻 L&T (-2.14%) L&T faced profit booking, likely after its recent uptrend. Being capital-intensive, infra stocks also remain sensitive to rising crude prices, which may impact margins and execution costs.

🔻 HCL Technologies (-2.11%) Much like Infosys, HCL Tech declined in response to global IT sector weakness and lack of positive triggers. Concerns around a slowdown in discretionary tech spending remain.

🔻 Hero MotoCorp (-1.97%) The two-wheeler giant slipped as Brent crude prices soared nearly 20% in June, raising cost pressures for auto makers and dampening sentiment across the entire vehicle sector.

INDIA FRONTIER

Everything else you need to know today

🔋 Surge: Brent crude has surged ~20% this month, nearing $80 a threshold that could rattle inflation and slow global growth. While upstream oil majors cheer, sectors like airlines, autos, and chemicals are feeling the heat.

🛡️ Shield: With Middle East risks looming, Oil Minister Hardeep Singh Puri assures that India’s energy imports are diversified and backed by strategic reserves. A timely safeguard to cushion inflation shocks.

📱 Ascend: Walmart-backed PhonePe is reportedly eyeing a $1.5 billion IPO at a $15 billion valuation. With 530M users and growing financial offerings, it’s evolving from a wallet into a fintech ecosystem.

🌱 Pioneer: Adani just flipped the switch on a solar-powered, battery-backed green hydrogen pilot in Kutch calling it “state-of-the-art.” It’s a bold step toward India’s clean energy goals and a decentralized hydrogen future.

SPECIAL

🏦 HDB Financial’s ₹12,500 Cr IPO Set to Break Records Is It Worth Your Bid?

Mark your calendars HDB Financial Services, the non-banking arm of HDFC Bank, is rolling out India’s biggest-ever NBFC IPO, opening June 25. With a total size of ₹12,500 crore, this mega issue blends fresh equity with an offer-for-sale, aiming to unlock value while supporting growth and liquidity needs.

The price band has been set at ₹700–₹740, meaning a retail investor will need ₹14,000 for one lot. In the grey market, shares are already commanding a ₹47.5 premium, suggesting an expected 6% gain on listing but market sentiment remains fluid.

The IPO has no shortage of heavyweight backers: Goldman Sachs, Morgan Stanley, Jefferies, and Nomura are all on the book-running team. That kind of firepower signals serious institutional interest and positions the offering as a bellwether for India’s private credit landscape.

📅 Important Dates:

• Opens: June 25

• Closes: June 27

• Allotment: June 30

• Listing: July 2 (BSE & NSE)

💭 Why it matters: This IPO isn’t just about capital it's a strategic reset post-HDFC merger, and a real-time gauge of investor appetite in a liquidity-tightening environment.

THE HANOOMAAN INSTITUTE

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Here's how to make it achievable:

🧠 Shift Your Mindset: Break it down: $100K = ~$833/month over 10 years. Start thinking like an investor, not a spender. Say no to lifestyle inflation and yes to financial purpose.

📚 Learn the Language of Money: Read books like Your Money or Your Life and The Millionaire Next Door. Understand compound interest it rewards early starters.

📊 Budget Like a Boss: Use 50/30/20 or 70/10/20 rules. Track spending with apps like YNAB or Mint. Cut food delivery, unused subscriptions, and impulse buys.

💸 Earn More: Choose high-growth careers. Negotiate salaries. Side hustle through freelancing, consulting, or gig platforms. Every extra dollar counts.

⚙️ Automate Savings: Set auto-transfers right after payday. Use high-yield savings accounts. Live with roommates or in lower-cost cities.

💼 Invest Early: Start with low-cost index funds or ETFs. Open a Roth IRA/401(k). Never miss employer matches it’s free money.

📉 Kill Bad Debt: Use the avalanche or snowball method. Keep an emergency fund to avoid falling back.

🔁 Review and Adjust: Track monthly, adjust yearly. Celebrate $25K, $50K, and beyond.

🎯 Remember: $100K is not about being perfect it’s about showing up with purpose, every month. Let your money start working for you.

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

Companies with less than 10% dilution over 10 years.
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Thanks for reading.

Until tomorrow!

Hanoomaan India Business team

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