HCL Technologies share value is down to 7% in its value on NSE.

The IT stocks are down over 21% so far in the calendar year 2022.

HCL Technologies shares traded at Rs. 1,025.95 around 12:35 pm.

Infosys proves to be biggest loser and was down at 2.8% and was trading at Rs. 1,574.85.

HCL Technologies management indicated that growth for FY23 will come at the lower end of the 13.5 – 14.5% range.

Other IT companies share Tech Mahindra and Wipro traded under pressure down by 1.30%.

Nifty 50 index closed down 0.61% at 18,496.60.

S&P, BSE and Sensex ended 0.62% lower at 62,181.67 both indexes seeing the sharpest drops in a week.

Indian share market seeing its worst week due to IT stocks going down.

IT sectors are going slow due to the global crisis.