Economic TimesLean R·
Nifty IT index plunges 3.2%, posts biggest single-day fall in 3 months
Mumbai: The Nifty IT or information technology index posted its biggest single-day decline in three months on Wednesday, with individual stocks falling as much as 5%, reversing some of the recent gains, as renewed risk-off sentiment in Indian equities and concerns over interest rate hike in the US triggered a sell-off.The Nifty IT index fell 3.2% on Wednesday, compared with a 0.9% decline in the benchmark Nifty 50. Among stocks, Coforge fell the most, down 5.4%, followed by Infosys, HCL Tech an…
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