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Infosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?
Indian IT stocks, including Infosys and TCS, experienced a significant decline of up to 3% on Thursday. This downturn was triggered by a hawkish stance from the US Federal Reserve, which has increased expectations of a rate hike later this year. Concerns over reduced discretionary spending in North America, a key market for these companies, are driving the sell-off.
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thehindubusinessline.com
Nifty IT rises 4.3% in three sessions to cross 29,000: Infosys, Tech Mahindra, Wipro & TCS lead gains
The index gained nearly 4.3% from 27,795.75 recorded on June 12, reflecting improving market sentiment triggered by US-Iran peace deal, softer crude and global market movement.
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Sensex, Nifty cautious as IT stocks slide after Hawkish US Fed commentary
Equity benchmarks remain cautious as IT stocks drop over 1.5% following a hawkish US Fed commentary despite softer crude prices.
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economictimes.indiatimes.com
Infosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?
Indian IT stocks, including Infosys and TCS, experienced a significant decline of up to 3% on Thursday. This downturn was triggered by a hawkish stance from the US Federal…
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Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast
Infosys and Wipro ADRs plunged following Accentures reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding discretionary IT spending, impacting…