IT stocks today, July 15 -- Shares of Indian information technology (IT) companies, including Infosys, Tata Consultancy Services (TCS), Wipro, HCLTech, Persistent Systems, Coforge and others, declined on Wednesday, July 15, after their US-listed peer IBM suffered its biggest single-day fall since at least 1968 following a disappointing preliminary quarterly update that missed Wall Street expectations.

The Nifty IT index fell around 2%, underperforming the broader market, even as the benchmark Nifty 50 and Sensex gained around 0.5% each.

IBM reported weaker-than-expected second-quarter earnings and flagged a slowdown in enterprise software spending, raising concerns over demand trends for Indian IT companies ahead of their quarterly earn...