IT Stocks Crash: The IT sector brought a big shock for investors in the stock market on Wednesday morning. In early trade, benchmark indices Sensex and Nifty were trading in the green with mild fluctuations. At the same time, Nifty IT was down by about 6.10 percent in the sectoral index on Nifty. All the 10 stocks included in it like Infosys, TCS, Coforge, HCL Tech, LTIMindtree and Persistent Systems were seen falling by 4 to 6 percent. Due to this sharp fall, about Rs 1.75 lakh crore was wiped off the market value of the IT sector in just a few hours. The question is, what happened that the entire IT sector came under pressure simultaneously.
IT Stocks Crash: Shares of Infosys, TCS, Coforge fell by 6% – Why was there a big decline in the IT sector? – market
