🚨 NIFTY IT Cracks to 3-Year Lows: Is More Pain Ahead?

Indian IT stocks witnessed sharp selling pressure as Accenture's reduced revenue growth outlook reignited concerns over global technology spending and sector growth. The NIFTY IT Index plunged 6.44%, marking its lowest level since May 2023.

, , and led the decline, falling as much as 8.65% and emerging among the top losers on the Nifty 50. Adding to the pressure, Citi highlighted risks from AI-led disruption and persistent economic uncertainty, which could weigh on future earnings growth. The sharp correction reflects rising investor caution and may keep sentiment fragile across the IT sector in the near term. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.