Selling pressure affected technology stocks. A decline in the Nifty IT index occurred, with it underperforming the market. This happened as expectations of interest rate hikes weighed on sentiment.

The sectoral index fell, with major companies experiencing losses. Infosys had the sharpest fall, while other companies like Tech Mahindra and HCL Technologies also traded lower.

Further details about the decline in technology stocks are available from the source, including the performance of midcap technology stocks and other major companies.