Why is IT index down?

Mr. Santosh Meena, Head of Research, Swastika Investmart shares his opinion on the stock market in different publications.

Kindly refer to the links below for today's coverage update.

Publication: Mint
Headline: Should you buy on dips in this current market?
https://www.livemint.com/market/stock-market-news/is-sensex-nifty-due-for-a-short-term-bounce-after-today-s-meltdown-11650282344918.html

Publication: The Economic Times
Headline: Why is IT index down? Infosys, TCS among 9 companies in which FIIs reduced stake in March quarter
https://economictimes.indiatimes.com/markets/stocks/news/why-is-it-index-down-infosys-tcs-among-9-companies-in-which-fiis-reduced-stake/articleshow/90926219.cms

Publication: The Hindu Business Line
Headline: Market likely to open flat amid mixed global cues
https://www.thehindubusinessline.com/markets/market-likely-to-open-flat-amid-mixed-global-cues/article65334202.ece

Publication: The Free Press Journal
Headline: Stock market indices close in red: Sensex nosedives 1,172 points, Nifty below 17,170 points
https://www.freepressjournal.in/business/stock-market-indices-close-in-red-sensex-nosedives-1172-points-nifty-below-17170-points

Publication: Financial Express (Hindi)
Headline: हाई वैल्युएशन और डिमांड घटने की आशंका में टूटे IT स्टॉक, एक्सपर्ट- लंबी अवधि में सेक्टर का आउटलुक मजबूत

https://www.financialexpress.com/hindi/business-news/it-sector-may-seen-more-pressure-in-short-term-as-high-valuation-and-weak-global-economic-cues-but-long-term-outlook-positive/2495104/