Major Indian IT and Media Stocks Decline for Fifth Consecutive Session Amid Market Downturn

Several major Indian IT and media stocks, including Tech Mahindra, Wipro, Infosys, HCL Technologies, LTIMindtree, Mphasis, Persistent Systems, Hathway Cable Datacom, and D B Corp, declined for a fifth consecutive session amid a broader market downturn. These stocks have experienced significant one-year and one-month losses, contrasting with a 12.75% rally in the NIFTY index. The Nifty IT and Media indices also showed declines and mixed monthly performance, reflecting sector-specific pressures and overall market weakness.