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IT stocks drag Nifty despite firm broader market; Infosys, TCS, HCL Tech fall as Fed signals rate hike risk

CJPN24 AI Desk••2 min read
IT stocks drag Nifty despite firm broader market; Infosys, TCS, HCL Tech fall as Fed signals rate hike risk
IT stocks drag Nifty despite firm broader market; Infosys, TCS, HCL Tech fall as Fed signals rate hike risk
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Shares of Indian IT companies came under pressure in early trade on Thursday after the US Federal Reserve signalled that interest rates could still move higher later this year, dampening sentiment towards technology stocks globally.

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Source: Moneycontrol.com

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