Economy
Indian IT stocks crash as Nifty IT tanks over 2 percent
Livemint1h
THE BRIEF
1
Indian IT stocks came under heavy selling pressure on Tuesday as investors reassessed the sector's growth prospects amid artificial intelligence concerns and global uncertainty.
2
The Nifty IT index plummeted 2.3% to become the day's worst-performing sectoral index, dragged down by heavyweights like Infosys, TCS, Wipro, and HCL Technologies.
3
The rupee weakened by 25 paise to close at 95.19 against the US dollar amid rising Brent crude prices.