Mumbai/IBNS, Feb. 4 -- Share prices of major IT stocks plunged by as much as 7 per cent in early trade on Tuesday, tracking a sharp overnight sell-off in software stocks in the United States, media reports said.

The stocks fell sharply amid renewed concerns over the long-term viability of their business models, CNBC-TV18 reported.

The rout wiped out nearly Rs 1.25 lakh crore in market capitalisation from the Nifty 50 index.

Wipro: down 5.11%

Infosys: down 6.15%

TCS: down 5.22%

Tech Mahindra: down 6.04%

HCLTech: down 6.15%

Published by HT Digital Content Services with permission from India Blooms....