Infosys, TCS drag Indian IT stocks to 2nd-worst week in 16 months

** India's IT stocks CNXIT down 5.4% so far this week, on track for second-biggest weekly fall since December 2022

** Weak Q4 results and dour outlook from market leaders TCS TCS and Infosys INFY1! weigh on 10-member index

** INFY down 5.8% this week, while TCS down 4.9%; they have ~52% weightage on the IT index

** Coforge's COFORGE 8.9% drop is the most, while Persistent Systems's PPERSISTENT 3.2% decline is least

** Analysts rate Infosys and Coforge 'buy' on avg -LSEG data

** TCS, Persistent and four others rated 'hold' -LSEG data

** Wipro WIPRO, due to report today, and L&T Tech LTTS rated 'sell' on 10-member IT index

** Nifty IT has slid 6.6% YTD; Nifty 50 NIFTY is up ~1%