New Delhi, April 5 -- Indian technology (IT) stocks remained under selling pressure for the second consecutive session on Friday, with the Nifty IT index declining over 3.5%. Significant losses in leading IT stocks such as Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, and Coforge shares contributed to the index reaching its lowest level in nine months.

This downturn follows a 4.21% decline in the previous session, triggered by US President Donald Trump's announcement of reciprocal tariffs on imports, including India, exacerbating concerns of a potential recession in the world's largest economy.

On April 2, 2025, President Trump declared 'Liberation Day' and imposed a 26% tariff on Indian imports. Key sectors, includ...