India’s IT slowdown, driven by AI-driven automation and shrinking outsourcing demand, is beginning to hit real estate, mortgages, and employment in tech-heavy cities. With firms like Infosys Ltd. and HCL Technologies Ltd. tightening hiring, banks are rethinking underwriting norms as job risks rise.

Infosys Ltd., the second-largest outsourcer, forecast annual sales growth below analysts’ estimates on Thursday, following a profit miss at smaller rival HCL Technologies Ltd. two days earlier

Over the last two weeks, bosses of Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd have all pointed to AI squeezing revenues, and addressed concerns around higher productivity benefits.

Investors Hit Hard as FIIs Sell Heavily, Dragging BSE Sensex and Nifty 50 Lower Indian equity markets witnessed a sharp downturn over three consecutive trading sessions from April 22 to April 24, 2026, erasing more than Rs.7 lakh crore of investor wealth. The benchmark indices, BSE Sensex and Nifty 50 , came under heavy selling pressure, with the Sensex plunging over 2,600 points and the Nifty slipping below the crucial 24,000 mark. The decline has significantly impacted retail investors, many of whom saw the value of their investments drop sharply within a short span. Multiple factors contributed to the market fall. One of the primary triggers was rising geopolitical tensions in West Asia involving Iran , which created uncertainty despite talks of a ceasefire with the United States . This uncertainty made global investors cautious, leading to a risk-off sentiment across markets. Another major reason was disappointing quarterly earnings from IT giants such as Infosys and HCL Technologies .

Hindustan Unilever and Colgate Palmolive (India) are among the companies expected to report their Q2 results on Thursday

HCL Technologies delivered a stable Q2 with improving margins and growing traction in AI-led deals. Experts flag resistance near ₹1,500–₹1,515 as the key level to watch.

Analysts expect a buy-on-dips strategy to remain effective as long as Nifty stays above 25,150.

LG Electronics India is expected to list today. Reports indicate a strong debut with grey market price at nearly ₹400

Sustained strength above ₹1,580 could open the path toward ₹1,650, while weak guidance may lead to a pullback to ₹1,420, the analyst said.