New Delhi, June 30 -- The Nifty IT index fell more than 2% on Tuesday, 30 June, as investors turned risk-averse amid a combination of global technology weakness, uncertainty over AI-led disruption, and concerns about demand from key overseas markets.

Heavyweights LTIMindtree led the losses, falling 2.54%, followed by Infosys (-2.33%), TCS (-2.19%), Wipro (-2.07%) and HCLTech (-1.49%). Other constituents, including Persistent Systems and Coforge, also traded in the red, reflecting weak sentiment across the sector.

Anshul Jain, Head of Research at Lakshmishree, believes the Nifty IT Index is approaching a crucial long-term support zone near 26,189, which marks its lowest level in nearly four years and could serve as an important technical...