Nifty IT Slumps into Bear Market, Wipes Out ₹8.4 Lakh Crore

The Nifty IT index has plunged over 21% from its peak, slipping into bear market territory after a sharp fall. Global volatility, fueled by Trump’s tariffs, has spooked investors, erasing ₹8.4 lakh crore in wealth. Morgan Stanley warns of downside risks, cutting target prices for major IT firms, with Infosys hit hardest.