<ul><li>Nifty IT index fell over 7% on Monday, hitting a near 17-month low, as stock market crashed amid trade war fears.</li><li>Coforge, Mphasis, HCL Technologies, Persistent Systems, and Infosys led the decline on the IT index.</li><li>The IT sector's fortunes are highly linked to the US macro environment as discretionary spending by American companies drives IT services demand.</li><li>Expensive valuations, weak earnings, and policy uncertainties contributed to the decline in tech stocks globally.</li></ul>

Nifty IT Falls To Nearly 17-Month Low As Market Crashes Amid Trade War Concerns

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