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Infosys, HCLTech, TCS, other IT stocks drop up to 3% as Fed rate hike worries return. Here's why

Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with Infosys, HCLTech, TCS and others declining. Analysts, however, see longer-term opportunities from AI-led spending on deployment, integration and modernisation.

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economictimes.indiatimes.com

thehindubusinessline.com

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AI · summaries

thehindubusinessline.com2 g fa

IT stocks crash as Coforge, Infy, Tech Mahindra, HCL, TCS slide on H1-B visa fee hike

The Nifty IT index fell nearly 3.6 per cent to 28,779.80 from its previous close of 29,883.45.

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economictimes.indiatimes.com1 g fa

Nifty IT index plunges 3.2%, posts biggest single-day fall in 3 months

Nifty IT index drops 3.2%—biggest fall in 3 months—with Coforge (-5.4%) and Infosys (-3.3%) hit by US rate-hike fears, $100 oil, geopolitical tensions. Rising H-1B visa costs and AI disruption threaten US IT spending, pressuring Indian IT services on margins and hiring.

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Timeline cronologica

lunedì 7 settembre 2026·economictimes.indiatimes.com
Infosys, HCLTech, TCS, other IT stocks drop up to 3% as Fed rate hike worries return. Here's why
Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with…
mercoledì 9 settembre 2026·thehindubusinessline.com
IT stocks crash as Coforge, Infy, Tech Mahindra, HCL, TCS slide on H1-B visa fee hike
The Nifty IT index fell nearly 3.6 per cent to 28,779.80 from its previous close of 29,883.45.