IT Drags Indian Markets Lower

  Published 1 year ago

Indian stock benchmarks slip as IT stocks extend losses on weak TCS results and global trade tariff concerns weigh.

  • Nifty 50 down 0.34% to 25,064.3; Sensex slips 0.39% to 82,182 in early trading session.
  • Nifty IT index drops over 1%, continuing last week’s fall; TCS weak results pressure sector outlook.
  • Trump’s 30% tariffs on EU, Mexico imports from August 1 fuel global trade uncertainty, hurting sentiment.

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