IT carnage wipes out ₹3 lakh crore; Sensex, Nifty slide as global jitters deepen – Key factors

Sensex and Nifty fell 1 percent as IT stocks like Infosys, TCS, HCLTech, Wipro and Tech Mahindra plunged. Defence and PSU banks gained. Rupee weakened, India VIX surged, global markets also declined.

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