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Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?
Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients.
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economictimes.indiatimes.com
Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?
Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is…
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swissinfo.ch
Tech Selloff Deepens as Traders Brace for Hot CPI: Markets Wrap
(Bloomberg) -- Technology stocks were set to pull US equities lower for a second session as traders pared exposure ahead of an inflation reading that is expected to hit the…
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thehindubusinessline.com
IT rout: Infosys, HCLTech, TCS shares fall as Nifty IT declines 3% on global tech selloff
IT stocks, including Infosys and TCS, decline as Nifty IT index drops 3% amid global tech selloff and AI concerns.
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Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?
Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff…
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newsbytesapp.com
Nifty IT crashes over 2%; HCL, Infosys lead fall
The Nifty IT index plunged over 2% on Thursday, driven by global tech weakness and fears of artificial intelligence impacting growth for major IT firms like Infosys and TCS.
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Another AI aftershock sends Indian IT stocks for a tumble
Indian IT shares extended their seventh straight session of losses as Anthropic's new AI model intensified investor fears of revenue disruption. Global tech stock declines,…