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 share price led the decline among the Nifty IT constituents, falling 9.15%, followed by Coforge share price down 6.8% and Mphasis stock price declining 4.4%.

Tata Consultancy Services (TCS) share price dipped 3.3%, while Infosys and HCL Technologies share price also fell over 3% each. Tech Mahindra shares, LTIMindtree share price and Wipro shares were also trading more than 2% lower each.

The fall in IT stocks comes amid the broader decline in the Indian stock market following a sell-off in global equities on wo...