Nifty IT index crashes 28% YTD. Buy or wait, as renewed US-Iran tension may jeopardise crude oil supply again?

Nifty IT index has fallen 28.71% year-to-date, sharply underperforming the Nifty 50's 8.32% decline, driven by concerns over slowing global IT spending and delayed client decisions. Renewed US-Iran geopolitical tensions raise fears of crude oil supply disruptions, which could further weigh on the sector. Analysts also flag that AI-driven disruption is challenging traditional IT growth models, leaving the recovery outlook uncertain.