The Nifty IT index experienced a decline of 2.2% on March 19, 2025, reaching an intraday low of 35,804.6. Major IT stocks such as TCS, Infosys, HCLTech, Coforge, and Tech Mahindra were notably affected, with Mphasis falling more than 1.5%. Analysts at Citi have indicated that the IT sector is currently in a bear market, citing high valuations and numerous headwinds facing the industry. This downturn reflects broader market pressures impacting IT stocks across the board.