The Nifty IT index fell 2.5 per cent on Tuesday, hitting an intraday low of 28,288, as investors turned cautious ahead of the US Federal Reserve’s March 17–18 FOMC meeting, where policymakers will assess the outlook on interest rate cuts. Sentiment in the IT space weakened amid concerns over global growth and tighter financial conditions, with Persistent Systems, Wipro, and Coforge emerging as the top laggards during the session.
