IT stocks fall amid recession fears

IT stocks, which earn a major part of their revenue from the US, fell sharply on Monday amid fears of a likely recession after tariff hikes by the Trump administration rattled global markets. The 30-share BSE Sensex crashed 2,226.79 points or 2.95% to settle at 73,137.90, recording its third day of decline. During the day, the index slumped 3,939.68 points or 5.22% to 71,425.01.