IT Shares Fall for 6th Straight Session; Coforge, Infosys, TCS Drop Up to 6%
· Business · Moneycontrol
Indian IT stocks extended losses for the sixth consecutive session, driven by sharp declines in major firms including Coforge, Infosys, and TCS. Shares of leading technology companies dropped by up to 6 percent amid broader market weakness. The sustained sell-off reflects growing caution among investors regarding the sector's near-term growth outlook. Analysts note that persistent macroeconomic headwinds continue to weigh heavily on IT valuations. Trading volumes remained elevated as institutional investors reallocated portfolios away from large-cap technology stocks.
Why it matters
The continuous decline in IT stocks hurts retail investors, mutual funds, and equity portfolios heavily exposed to India's technology sector.
Read the original report — Moneycontrol
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.