Nifty IT slips over 1% as

INFY

,

TCS

,

COFORGE

weigh: What’s driving the decline in IT stocks

Highlights IT counters came under sustained selling pressure on Monday, September 15, dragging down the sectoral index and exerting pressure on benchmark indices. The Nifty IT index hit an intraday low of 35,686.15, a drop of 1.17%, before trimming some losses. At the time of reporting, the index was down 0.63%. Key Laggards

s led the decline, slipping 0.97% ncy Services (TCS) eased 0.82% fell 0.79% Systems also declined 0.79% Other notable losers included: Financial Services Software (-0.55%) (-0.49%) (-0.45%) echnologies (-0.45%) LTIMindtree (-0.02%)