New Delhi, Feb. 17 -- The bloodbath in IT stocks showed signs of easing as the gauge tracking Indian tech companies extended gains on Tuesday, February 17, amid low-level buying.

Several bullish investors are now using the recent tech rout - which wiped out Rs.4.85 lakh crore in market capitalisation of Nifty IT firms since Anthropic's February 3 announcement - as a buying opportunity.

The tech selloff, which began on February 4, has dragged the Nifty IT index 15% down and put it on track for the worst monthly fall since March 2020.

However, the Nifty IT index jumped another 2% to 33,496 today, extending the mild gains of 0.17% seen a day ago. All index constituents joined the rally. Infosys shares emerged as the top gainer today with ...