IT stocks selloff: The selloff in IT stocks showed no signs of abating as the index declined for the fifth day in a row on Tuesday, February 24, amid persistent fears of AI-driven disruption.
The Nifty IT index tanked over 3%, taking the month-to-date decline to 20%. As of yesterday’s close, the IT pack has lost ₹5.05 lakh crore in market capitalisation.
More to come…