IT stocks in focus, May 1 -- Although the Nifty IT index rebounded sharply during the second half of April, it ended the month in negative territory, extending its losing streak to a fourth consecutive month-the longest such streak since 2016-losing 3% of value.

Seven out of the 10 constituents of the index closed lower in April, with Coforge emerging as the top laggard, falling by 10%. It was followed by Wipro, Infosys, TCS, Persistent Systems, HCL Technologies, and MphasiS, all ending the month with losses ranging between 1.3% and 8%.

Despite gaining 10% during the last three weeks of April, the index remains in bear market territory, still down 22.33% from its record high of 46,088 points.

The easing of global trade tensions and bet...