Sep 10, 2026, 5:53 AM1 views

Nifty IT index plunges nearly 5% on US rate hike worries

Nifty IT index plunges 3.2%, posts biggest single-day fall in 3 months

By ET BureauLast Updated: Sep 10, 2026, 06:08:00 AM IST

Synopsis

The Nifty IT index experienced its largest single-day drop in three months on Wednesday. Several IT stocks saw significant declines, reversing recent gains in the market. Renewed risk-off sentiment and US interest rate hike worries triggered the broad sell-off. Geopolitical tensions and rising oil prices also contributed to the pressure on IT firms. Concerns over H-1B visa costs and generative AI disruption added to the challenges.

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