Nifty IT Falls More Than 2% as Indian IT Stocks Face Selling
Indian IT stocks came under selling pressure, with Nifty IT down more than 2% and the sector the day's biggest loser. The report cites investor concerns about AI, global economic uncertainty and elevated valuations.
IT stocks today, Oct. 27 -- Indian IT stocks came under intense selling pressure on Tuesday, October 27, as investors reassessed the sector's growth prospects amid rising concerns over artificial intelligence (AI), global economic uncertainty and elevated valuations. Moreover, weakness on Dalal Str…