IT stocks closed lower amid concerns of higher for longer US interest rates. Sensex settled at 75,410.39 while broader NSE Nifty fell ended at 22,957. HDFC Bank, Bharti Airtel, L&T, Axis Bank, NTPC, and UltraTech Cement saw gains, while Tech Mahindra, Asian Paints, TCS, M&M, and Titan closed with losses.