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India’s IT sector faces pressure from Trump tariffs, US recession risks, weak earnings, and broker downgrades.
IT Stocks Fall: Infosys, Wipro, TCS Affected by Trump’s Tariff Concerns
Indian Stock Market Today: India’s IT sector has encountered a hurdle, with stocks experiencing a stark decline recently. The challenge is put forth on several prongs – from rising US recession fears triggered by Trump-era tariffs to weak earnings projections and a flurry of broker downgrades.
All 10 stocks in the Nifty IT index have fallen into bear territory—dropping more than 20% from their peaks. Major companies like TCS (-26%), Infosys (-25%), and HCL Tech (-27%) are among the hardest hit. Oracle Financial Services Software (OFSS) has taken the biggest hit, plummeting 43%. The Nifty IT index itself has declined about 23% from its highs, making the IT sector the most significant casualty in India’s stock market downturn this year.
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