New Delhi, Feb. 13 -- Indian IT stocks witnessed a massive sell-off for the third straight session on Friday, February 13, following a rout in global technology stocks in the US market. The fall was triggered by lingering concerns over artificial intelligence (AI)-led disruption in the sector. IT was further intensified by stronger-than-expected US employment data, which sharply reduced expectations of an early interest rate cut by the US Federal Reserve.

The sharp correction was not limited to IT alone, with broader benchmarks also facing pressure. While the Nifty IT index plunged over 5%, both the Nifty 50 and the Sensex declined more than 1%, reflecting a broader risk-off sentiment across markets. In 3 sessions, the IT index has crack...