New Delhi, April 23 -- India's prized tech giants are losing their sway over stock markets, as their market share shrinks. The combined market capitalisation of the top four IT firms- Tata Consultancy Services, Infosys, HCL Technologies and Wipro-slipped to at least a year's low of 5.8% in early trade after a high of 8% in January.

HCL Technologies, which reported its Q4 numbers on Tuesday after market hours, has been the fastest growing among the top four for the second consecutive year and projects the highest growth for FY26 despite a cautious outlook. But this offered little relief.

The sector is caught in the crossfire of US President Donald Trump's aggressive reshoring push and initiatives, and the threat of a looming US economic ...