Indian stock market, March 7 -- After a two-day relief rally, Indian technology stocks resumed their losing streak on Friday, March 6, tracking the 2.6% slide in the Nasdaq Composite overnight.

Mounting global trade tensions and weak economic data from the U.S., the world's largest economy, are signaling weakness and unsettling investor sentiment, as this region accounts for the majority of revenue for Indian software companies.

Amid this negative sentiment, the Nifty IT index tumbled 1.3% in early morning trade today, reaching 37,625 points. While the index recovered in the following hours, it remains 1.03% down as of 2:00 p.m.

Eight of the 10 constituents of the index traded in the red, with Infosys emerging as the top loser, down 2....