New Delhi, March 12 -- Shares of India's largest information technology (IT) service providers tanked Wednesday after at least three brokerages raised concerns about the industry's growth recovery in FY26.

The country's top five software services companies, including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd, dropped as much as 1.99%, 4.28%, 1.91%, 3.44%, and 2.8%, respectively, on Wednesday's close.

This selloff erased Rs.75,414 crore from the market cap of the top five companies in the sector alone.

These companies had a tough outing last year as macroeconomic uncertainties prompted their clients, including the world's largest companies, to pull back non-essential tech spending...