Nifty Underperformance: IT Sector Weighs Heavily with Infosys and TCS Down 18% and 27%

Infosys and Tata Consultancy Services (TCS) have led the decline in India's IT sector, falling 18% and 27% over the past year, respectively. The IT sector accounts for 9.91% of the Nifty's total weight, with Infosys holding the largest share at 4.53%. The power sector has also underperformed, with all its constituents declining. In contrast, financials have been the best sectoral bets, with Bajaj Finance leading the way and yielding up to 48% returns.