Infosys, Wipro, Coforge, other IT stocks drop up to 6% to fresh record lows: Here’s why
Indian IT stocks saw a significant drop on Tuesday. New artificial intelligence announcements from Nvidia sparked concerns about disruption in the sector. Investors are also awaiting the US Federal Reserve's meeting outcome. Several major IT companies experienced declines, with some hitting new yearly lows. Analysts suggest valuations are now attractive despite these worries.
Indian IT stocks saw a significant drop on Tuesday. New artificial intelligence announcements from Nvidia sparked concerns about disruption in the sector. Investors are also awaiting the US Federal Reserve's meeting outcome. Several major IT companies experienced declines, with some hitting new yearly lows. Analysts suggest valuations are now attractive despite these worries.
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