New Delhi, April 3 -- Indian IT stocks declined on Thursday, with the Nifty IT index falling nearly 3%, after the US President Donald Trump announced sweeping reciprocal tariffs against major trading partners.

Persistent System shares led the decline among the Nifty IT constituents, falling 6.5%, followed by Coforge shares down over 4% and Mphasis stock price declining over 3%.

IT behemoths, Tata Consultancy Services (TCS), Infosys and HCL Technologies share price fell over 2% each. Tech Mahindra, LTIMindtree and Wipro shares were also trading more than 1% lower each.

US President Donald Trump imposed a 10% baseline tariff on all imports to the US and higher reciprocal tariff rates for countries that have high barriers to US imports. T...