Markets Turn Volatile; Hawkish Fed Outlook Drags IT Stocks Lower
Indian markets turned volatile as a hawkish US Federal Reserve outlook dragged IT stocks lower, with Nifty 50 and Sensex slipping from early highs. Infosys, TCS, HCL Tech and Wipro led the decline, even as falling crude prices and easing West Asia tensions offered support. Investors also tracked NSE’s ₹30,000 crore IPO filing and global cues for further direction.
Indian markets turned volatile as a hawkish US Federal Reserve outlook dragged IT stocks lower, with Nifty 50 and Sensex slipping from early highs. Infosys, TCS, HCL Tech and Wipro led the decline, even as falling crude prices and easing West Asia tensions offered support. Investors also tracked NSE’s ₹30,000 crore IPO filing and global cues for further direction.
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