Nifty IT Set for Worst Week in 3 Months

  Published 1 year ago

Nifty IT index slumps 4% this week on weak TCS results and U.S. tariff worries, underperforming broader market.

  • TCS earnings disappoint; J.P. Morgan sees potential negative impact on Infosys, HCL Tech, and Wipro.
  • Tech Mahindra and TCS fall 4% this week; HCL Tech down 5%, Wipro 4.4%, Infosys 3.1%.
  • Nifty IT down 13% YTD, contrasting with Nifty 50’s 6.4% gain; drops 1.8% on Friday alone.
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