India, Feb. 12 -- IT stocks witnessed a steep sell-off in today's market session as negative global cues and rising concerns over the long-term impact of artificial intelligence unsettled investor sentiment. The broad-based weakness across frontline IT names led to a sharp decline in the Nifty IT index, which fell by nearly 4.5% during the day.

Nifty IT plunged 4.8% in today's session to 33,408.15, slipping from its previous close of 35,095.15. The index has now declined 7.5% over the past week, dropped 12.5% in the last month, and is down nearly 20% compared with a year ago.

News Indian IT stocks witnessed a sharp sell-off, with Wipro down 4.5%, Infosys slipping 5%, TCS falling 4.5%, Persistent Systems losing 4.5%, and HCL Tech declin...