Nifty IT Falls 1% Amid Tariff Worries

  Published 10 months ago

Nifty IT drops 1% Friday as U.S. tariff concerns, client delays, and weak earnings pressure Indian tech stocks.

  • CLSA cites client focus shift to chips and cloud, causing IT service outsourcing delays amid tariff uncertainty.
  • Trump’s 25% tariff on Indian imports may raise U.S. client costs, cutting Indian IT demand.
  • All Nifty IT stocks fell; Wipro, Infosys, Tech Mahindra, and HCLTech led the decline with 1–1.7% drops.

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