Stock market today, Feb. 20 -- Following a sell-off in US software stocks on Thursday and rising US-Iran tensions, Indian IT stocks witnessed sell-off pressure in early morning deals on Friday. Indian IT majors - Infosys, Wipro, HCL Technologies, Firstsource Solutions, TCS, etc., witnessed sharp selling within a few minutes of the Opening Bell. By 9:30 AM on Friday, the Nifty IT index had crashed by around 1.50%.
According to stock market experts, IT stocks are falling due to the two basis reasons:
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