Indian IT stocks remain under pressure as Nifty IT nearly 1% led by Wipro

IT stocks continued to remain under pressure on Monday, with the Nifty IT index falling 0.85% to 27,921.15, though it outperformed the Nifty50, which dropped over 1.30%. All 10 IT stocks in the index declined, led by Wipro, Persistent Systems and TCS. IT shares have fallen from recent highs amid weak global tech spending, cautious client budgets and changing demand.