New Delhi, June 3 -- The relief rally that was underway in Indian information technology (IT) stocks for three days came to a screeching halt on Wednesday, 3 June, as investors resorted to profit booking amid the broader market selloff, resulting in a near 6% decline in the Nifty IT index.

All 10 index constituents of the Nifty IT pack traded significantly lower in trade today. IT bellwether Tata Consultancy Services (TCS) emerged as the biggest loser as it crashed almost 9% to Rs.2,224.80. Other heavyweights like Infosys, HCL Technologies and Tech Mahindra were down between 4-6%.

LTIMindtree also declined over 8%. Coforge and Persistent Systems lost 6% each and Mphasis 4%, while Oracle Financial Services Software (OFSS) lost 4%. Togeth...