The IT stocks were in a free fall on Monday after Infosys Q4 earnings missed estimates. The Nifty IT index nosedived to hit a fresh 1-year low, with all stocks in the red. Experts believe other IT companies may also report a weak quarter, especially in the US market.
In its preview research report, ICICI Direct analysts said that Q4 is seasonally weak for IT companies on account of fewer working days, some additional furloughs in January.