New Delhi, April 7 -- The Nifty IT index dropped over 5 per cent to 52-week low on Monday, April 7, amid stock market crash. Indian equity benchmarks opened lower with a gap-down start and are facing selling pressure on Monday, influenced by negative global cues as the US government remains firm on its broad tariff plans.

In the past three sessions, the IT index has dropped by more than 5,000 points, marking a decline of over 10 per cent. Just four months after reaching a 52-week high on December 13 last year, it has now fallen to a 52-week low.

IT major stocks including Tata Consultancy Services (TCS), Infosys, Mphasis, LTIMindtree plunged up to 8 per cent.

IT major TCS share price fell over 5 per cent to Rs.3,069 wiping out more than...