IT stocks today, June 11 -- Indian IT stocks witnessed intense selling pressure on Thursday, dragging the Nifty IT index down 2.7% to an intra-day low of 27,519.15. The sector emerged among the worst performers on Dalal Street even as the benchmark Nifty 50 declined only around 0.5%.

The weakness in domestic IT shares followed a sharp selloff across global technology markets, where investors turned cautious amid concerns over rising inflation, elevated interest rates and stretched valuations in artificial intelligence-linked companies.

Among large-cap IT stocks, HCL Technologies led the decline, plunging 3.5% and becoming the biggest loser on the Nifty IT index. Infosys and LTIM also came under heavy pressure, falling around 3% each. Mi...