July may be a turnaround month for Nifty IT index; heres why! July may be a turnaround month for Nifty IT index; heres why! Hence, don’t be surprised if you see Nifty IT index roaring like a lion Karan Dsij / Friday, July 1, 2022 / Article rating: 4.2 Once a darling of investors but now an evil, it’s the saga of Nifty IT sector, which lost nearly 25 per cent in the last Q2 of the calendar year 2022. Moreover, on a YTD basis, it shed as much as 28 per cent.