Mumbai/IBNS, Feb. 13 -- A massive selloff in Information Technology (IT) stocks triggered a bloodbath on Dalal Street on Friday, media reports said.

Shares of Infosys, Tata Consultancy Services, HCL Technologies and Persistent Systems declined as much as 6% in morning trading.

Some market experts believe the decline is temporary and have advised investors not to panic.

Kranti Bathini, Equity Strategist at WealthMills Securities, told Business Today that Indian IT companies are going through turbulent times.

Bathini added that Indian IT firms must transform and adopt emerging technologies to stay competitive in the evolving global tech landscape.

Meanwhile, Indian equity benchmarks nosedived, with the BSE Sensex plunging over 700 poin...