Top 5 Losers of Nifty IT Index on April 7, 2025: Mphasis Slides Over 5%

The Nifty IT index closed lower on April 7, 2025, tracking a broad-based decline across major technology counters. The index touched its 52-week low during the trading session, reflecting sustained selling pressure across large- and mid-cap IT stocks.

Nifty IT Index Performance

The Nifty IT index closed at 32,668.80 on April 7, 2025, down 2.51%, after opening at 31,307.95 and moving between an intraday high of 32,835.10 and a low of 30,918.95. This drop follows a previous close of 33,511.40 on April 3, 2025.

Over the past 12 months, the index has declined by 4.93%, and it has fallen 11.39% in the last 30 days. The 52-week high for the Nifty IT index is 46,088.90, while the 52-week low of 30,918.95 was reached on April 7, marking the index’s yearly bottom.

Top 5 Nifty IT Index Losers

1. Mphasis

Mphasis closed at ₹2,109.90, falling ₹119.30 or 5.35% from its previous close of ₹2,229.20. It opened at ₹2,063.50, hit a high of ₹2,120.95, and touched a low of ₹2,044.55. The stock recorded a volume of 5,73,919 shares and a turnover of ₹119.66 crore. Over the past 30 days, it has declined 8.69% and is down 16.27% over the last year.

2. Infosys

Infosys ended the day at ₹1,404.90, a drop of ₹46.75 or 3.22% from its previous close of ₹1,451.65. The stock opened at ₹1,352.00, reached a high of ₹1,405.90, and dropped to a low of ₹1,307.00. Trading volume stood at 2,17,15,252 shares with a turnover of ₹2,964.61 crore. It has declined 17.16% in the past 30 days and 5.57% over the last year.

3. Coforge

Coforge closed at ₹6,400.00, down ₹207.90 or 3.15% from the previous close of ₹6,607.90. The stock opened at ₹5,975.00 and traded between ₹5,970.05 and ₹6,414.95. A total of 23,48,059 shares were exchanged, amounting to a turnover of ₹1,443.71 crore. It has dropped 17.73% in the last 30 days but gained 9.65% over the past year.

4. HCL Technologies

HCL Technologies ended at ₹1,377.95, registering a decline of ₹44.15 or 3.10% from the previous close of ₹1,422.10. It opened at ₹1,345.00, reached a high of ₹1,383.75, and a low of ₹1,302.75. The volume stood at 64,84,139 shares with a turnover of ₹869.86 crore. The stock is down 11.80% in the past month and 11.08% over the last year.

5. Oracle Financial Services Software

OFSS closed at ₹7,330.10, falling ₹191.45 or 2.55% from the last close of ₹7,521.55. It opened at ₹7,235.00, touched a high of ₹7,349.00, and dipped to a low of ₹7,038.00. The stock saw a volume of 1,82,758 shares and a turnover of ₹131.34 crore. It has declined 3.63% in 30 days and 16.88% over the past year.

Technical Snapshot of Nifty IT Index

The index closed at 32,668.80, matching its 52-week low of 30,918.95 during intraday trade on April 7. It has declined by over 11% in the past 30 days.

Infosys, Coforge, and HCLTech saw high trading volumes, with Infosys leading in turnover at ₹2,964.61 crore. Despite lower volumes, Biocon and OFSS witnessed notable value erosion.

Conclusion

The Nifty IT index registered a sharp decline of 2.51% on April 7, 2025, led by losses in Mphasis, Infosys, Coforge, HCLTech, and OFSS. The index also touched its 52-week low during the session, highlighting weakness across technology stocks.

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