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Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge
Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may face selling pressure after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up to 4%, while global software peers also declined.
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thehindubusinessline.com
IBM disappointment sparks crash in Infosys, Wipro ADRs as AI fears rattle tech sector
The sector-wide rout was ignited by IBM releasing its preliminary second-quarter results ahead of schedule
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timesofindia.indiatimes.com
IBM shares tank 26% after initial results disappoint
Shares of software and IT services companies plunged Tuesday after International Business Machines (IBM) reported preliminary results that missed analyst expectations, reigniting…
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economictimes.indiatimes.com
Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge
Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may face selling pressure after IBM plunged 25% in its steepest-ever one-day…
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Buoyed by Q1 show, Indian IT shrugs off IBM shock
Indian technology stocks demonstrated resilience on Wednesday, defying IBM's significant overnight decline. Depressed valuations and positive first-quarter results provided…