Nifty IT Index Falls More Than 5% After Three‑Day Rally

India’s Nifty IT sector index experienced a sharp decline of over five percent. The drop followed a three‑day period of gains that had lifted the index. The reversal erased much of the recent upward momentum in technology stocks. Market analysts noted that the slide reflected heightened volatility in the sector. Investors reacted to broader market cues and profit‑taking pressures. The downturn raised questions about the sustainability of the recent rally. Traders are monitoring upcoming earnings reports for further direction. The movement underscores the sensitivity of IT stocks to short‑term market shifts.