TCS, Wipro to Infosys: IT stocks bleed on AI and tech stocks selloff in global markets; Nifty IT dips 2%
The Nifty IT Index was among the worst-performing sectoral indices on Monday, 8 June, down 2%. The decline was primarily driven by sharp losses in heavyweight IT stocks as investor sentiment remained subdued amid global macroeconomic uncertainties
IT shares faced downward pressure following a widespread selloff in global tech stocks. On Friday, Wall Street experienced a significant downturn, with the Nasdaq dropping 4.2%, representing its largest single-day decline since April 2025.
