Tech stocks tumble as Nifty IT index drops over 1,600 points; TCS and L&T slide 8%

Indian tech stocks fell sharply in today’s trading session. The Nifty IT index plunged by more than 1,600 points. Major constituents TCS and L&T each declined around 8 percent. Analysts cited several factors contributing to the sell‑off. Market participants pointed to global risk aversion and sector rotation. The decline reflects concerns over valuation and earnings outlook. Investors are watching for any policy signals that could stabilize the market. The broader market’s reaction will be assessed in upcoming sessions.