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.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
