5 reasons why tech stocks are falling today? Nifty IT Index cracks 2%; Infosys, TCS slide
The IT sector experiences a drop in stocks due to selling pressure, causing the Nifty IT Index to fall by 2%. Major companies like Infosys, TCS, and HCL Tech are all affected, along with all 10 constituents of the index. Weak global cues, volatility, and concerns over US jobs data and Fed rate cut also contribute to the decline.