Shares of information technology companies came under heavy selling pressure on Wednesday, with frontline names such as Infosys, TCS, HCL Tech, Wipro and Tech Mahindra falling up to 7%. The weakness followed a more than 6% gain in the Nifty IT index over the previous three sessions.
TCS, India's largest IT services company, plunged 7% to Rs 2,280 on the BSE, while Infosys fell 4% to Rs 1,222 per share. Wipro declined 2% to Rs 206, HCL Tech dropped 3.5% to Rs 1,201, and Tech Mahindra slipped 5% to Rs 1,496 apiece.
