Top Indian stocks today: HCLTech slides on CLSA downgrade as CSB Bank hits record; Nifty pares early high
MUMBAI, Jan 5, 2026, 02:08 ET Indian IT shares dragged benchmarks lower on Monday after CLSA downgraded HCLTech and Tech Mahindra, blunting an early push to fresh highs. The Nifty 50 traded down 0.13% and the Sensex fell 0.16% by 10:05 a.m. IST. Reuters The hesitancy matters because the Nifty still hovers near lifetime highs, and investors now need earnings to justify stretched expectations. A soft patch in IT — a key export-facing sector — can quickly change how global funds price India’s growth story. Reuters IT often acts as a sentiment bellwether because it earns a large share of