New Delhi, Dec. 1 -- The Nifty 50 index has achieved a new all-time high after approximately 14 months. In contrast, the Nifty IT index continues to underperform, currently trading more than 20% below its peak of 46,088 reached in December of the previous year, and has decreased 13.36% on a year-to-date (YTD) basis, while the Nifty 50 has increased by 10.81%.

Nifty IT underperformance is associated with sluggish growth in revenue and profits in the sector, coupled with several elements such as the stringent tariffs enacted by US President Donald Trump on imports from India and other countries. This situation has resulted in a decrease in the value of Indian IT stocks, driven by worries over diminished discretionary spending in the US ste...