Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% 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.
Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% 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.
<iframe src="https://hindustansphere.com/embed/cluster/5a92aa4d48141ff57674db2596f76c1c83d307b0" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="TCS, Infosys, Wipro & other IT stocks fall more than 2%. Here's why"></iframe>
