Nifty IT index drops 2% as Wipro and TCS suffer losses amid global selloff in technology and AI stocks.

Wipro shares fell sharply on Monday, extending a two-day decline of more than 8% after the stock turned ex-record date for its Rs 15,000 crore buyback. Weak global tech sentiment,…

Nifty IT index drops 2% as Wipro and TCS suffer losses amid global selloff in technology and AI stocks.

The Nifty IT index plunged 1.7%, marking an 8.4% drop over four sessions, as global tech selloffs and AI trade reversals triggered widespread profit booking in major stocks.