Nifty IT Hits Five Year Low As KPIT Shares Crash, HCLTech, Infosys, TCS In Red — What's Spooking Investors?

The slump in Nifty IT was led by KPIT Technolgies, falling 16.2% intraday to Rs 559.2, followed by Coforge, down 3.4% to Rs 1,398.2.