India’s information technology sector took a sharp hit Friday as shares of major firms dropped following renewed fears of retaliatory tariffs by the United States’ global trading partners.

HCL Technologies share price was trading firm by over one percent on Wednesday as the stock has been upgraded by research house CLSA.

DLF, Tata Motors, IRCTC and SBI were among shares that touched yearly lows in today's session and all these stocks are looking bearish on technical charts.

HCL Technologies share price jumped by 3.2 percent on Friday and the stock touched 52-week high at Rs 2002.35.

HCL Technologies shares were trading nearly 0.6 percent higher on Wednesday and we can expect fresh 52-week high in today's session.

Motilal Oswal Financial Services has issued a Buy recommendation for HCL Technologies (HCLT) with a price target of Rs 2,300, implying a 23% upside from the current levels.