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Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge

Markets-Economic Times · 1h ago · 🇮🇳 India
Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge

Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may face selling pressure after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up to 4%, while global software peers also declined.

Read the full story at Markets-Economic Times →