Indian stock market, March 4 -- The pain in Indian technology stocks is deepening with each passing day as signs of a slowing U.S. economy-where Indian tech giants have significant revenue exposure-are unsettling investor sentiment, leading to a severe sell-off on Dalal Street.

Additionally, diminishing expectations of multiple U.S. Fed rate cuts in 2025, coupled with global tech giants' ongoing concerns about growth prospects, are contributing to prolonged weakness in IT stocks.

The Nifty IT index tumbled another 2.17% in today's intraday session, March 4, hitting an eight-month low of 36,797 points. However, the index recovered towards the closing bell, ending with a cut of 1% at 37,245 points.

The index has closed in the red in 15 o...