IT stocks selloff, Feb. 24 -- The selloff in IT stocks showed no signs of abating as the index declined for the fifth day in a row on Tuesday, February 24, amid persistent fears of AI-driven disruption.

The Nifty IT index tanked 3.5% to a fresh 52-week low of 30,417.75, taking the month-to-date decline to 20%. As of yesterday's close, the IT pack has lost Rs.5.05 lakh crore in market capitalisation, according to data from Capitaline.

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