3 reasons why tech stocks are falling today:Nifty IT Index slides 2%, Infosys plunges 2.5%
Tech stocks in India are facing heavy selling pressure due to negative sentiment on Wall Street and hawkish comments by the US Fed. This is reflected in the Nifty IT Index, which has plunged nearly 2% intra-day. The weakness in US markets, waning prospect of a Fed rate cut and RBI's intervention to support the rupee have all contributed to the decline in tech stocks.