New Delhi, March 30 -- Nifty IT dropped by 1.5% on Monday, March 30, following Iran's threats against undersea internet cables, which experts believe pose a significant risk to India's digital connectivity, particularly beyond the Strait of Hormuz.

Rising tensions in West Asia are heightening worries about the safety of undersea internet cables that support a significant share of India's global data transfer. The Strait of Hormuz-an essential shipping channel for energy-is also a vital pathway for digital connectivity, managing approximately one-third of India's westward internet traffic.

On Monday, on the backdrop of these news, shares of Oracle Financial Services Software, LTIMindtree, MphasiS, and Coforge fell by 1-3% on the Nifty IT...