The Nifty IT index declined 1.8 percent to 28,500 during Monday's trading session, marking its fourth consecutive day of losses as a global selloff in technology and artificial intelligence-linked stocks weighed on investor sentiment.

The latest decline has taken the index's cumulative loss to 8.4 percent over the past four trading sessions. The correction follows a strong rally in the sector, during which the Nifty IT index had gained nearly 8 percent in the preceding three sessions amid optimism surrounding artificial intelligence spending and robust earnings reported by global software companies.

Market participants attributed the weakness to profit-booking across technology stocks after a sharp run-up in valuations. The broader global technology sector also witnessed selling pressure as investors locked in gains in several AI-driven stocks that had delivered substantial returns in recent months.

Among individual stocks, Wipro emerged as the biggest loser within the Nifty 50 index, falling 5.5 percent to ₹187.4. Tata Consultancy Services (TCS) declined 1.9 percent to ₹2,156.7, while Infosys dropped 1.3 percent. HCL Technologies and Tech Mahindra also traded about 1 percent lower during the session.

The Nifty IT index was among the weakest-performing sectoral indices on the day, underperforming the broader market as the benchmark Nifty 50 index declined around 1 percent.

Despite the recent correction, analysts continue to monitor developments in global technology spending, artificial intelligence investments, and demand trends in key overseas markets, which remain important drivers for India's information technology sector.