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Nifty IT index plunges 3.2%, posts biggest single-day fall in 3 months
The Nifty IT index experienced its largest single-day drop in three months on Wednesday. Several IT stocks saw significant declines, reversing recent gains in the market. Renewed risk-off sentiment and US interest rate hike worries triggered the broad sell-off. Geopolitical tensions and rising oil prices also contributed to the pressure on IT firms. Concerns over H-1B visa costs and generative AI disruption added to the challenges.
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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…
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Why did stock market fall today? Oil spike, IT rout among 6 key factors behind 800-point Sensex slump; Nifty below 23,450
