Infosys, HCLTech, TCS, Other IT Stocks Drop up to 3% as Fed Rate Hike Worries Return. Here's Why

No, Friday's jobs report hasn't materially boosted Fed rate hike odds

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.

Nifty IT falls over 1%; Infosys, Tech Mahindra, HCL Tech lead losses as Fed rate hike bets rise

Nifty IT fell over 1 percent in early trade, with Infosys, Tech Mahindra and HCL Tech leading losses as a strong US jobs report raised expectations of a Federal Reserve rate hike.

IT Stocks Fall Up To 2% As Strong US Jobs Data Raises Fed Rate Hike Concerns

Indian IT stocks declined sharply as investors worried about a possible US Federal Reserve rate hike after strong jobs data. The Nifty IT index fell over 1%, with Infosys, Wipro, TCS and other major firms facing selling pressure. Higher US rates and bond yields could impact technology valuations and client spending