New Delhi, April 22 -- Shares of IT stocks fell like ninepins in the early morning trade on Wednesday, 22 April, after leading tech firm HCL Technologies' March-quarter results (Q4) and poor management commentary sparked a fresh sell-off in the sector.

IT stocks, already grappling with weak performance due to weak demand concerns and an AI-led scare, crashed up to 10%, dragging the Nifty IT index 3.35% lower to 30,665.35. HCL Tech shares emerged as the worst loser with a massive 9.7% decline.

More to come...

Published by HT Digital Content Services with permission from MINT....