3 reasons why IT stocks are falling today; Nifty IT Index cracks 4%

The cut across markets deepen in afternoon trade but the sell-off is particularly brutal in the technology space. The Nifty IT Index has cracked 4% intra-day. Though its is around 16% away from its 52-week lows, the Nifty IT Index is down 13% so far in 2025. The losses in the last 1 month is over 10% and this is the third consecutive session in the red for the IT Index.

The key tech stocks that have seen maximum decline include big Index losers today like Infosys, Wipro, TCS, HCL Tech, Tech Mahindra. MphasiS and Tech Mahindra saw the maximum damage, down about 6% each. Weak global cues coupled with the sell-off in AI-driven tech stocks led to the sharp fall in these stocks.