Shares of information technology (IT) companies were under pressure for the second straight day, with Nifty IT index slipping 5 per cent in past two trading days after the management of HCL Technologies said that it expected revenue in financial year 2022-23 (FY23) to come in near the lower end of the guidance band. Meanwhile, Credit Suisse too warned of a 10 - 27 per cent valuation-led correction in these stocks amid US macro headwinds.