New Delhi, Feb. 13 -- Indian IT stocks remained under heavy pressure on Friday, extending losses for a third consecutive session as selling intensified across the sector amid concerns regarding AI-led disruptions. The pressure was further aided by fading expectations of a near-term interest rate cut by the US Federal Reserve after stronger-than-expected labour market data.

The Nifty IT index lost over 5% in trade today and 12% in 3 session, market experts believe this is not just a sentiment driven decline but a fundamental fall.

Prasenjit Paul, Equity Research Analyst at Paul Asset & Fund Manager at 129 Wealth Fund, said the current correction reflects deeper structural challenges rather than a temporary sentiment-driven sell-off.

"Th...