VERIFIEDET Markets·15 Jul 2026negative

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

AI Summary

·IBM stock experienced its steepest one-day fall, plunging 25% following weak preliminary quarterly results.
·This decline in IBM's stock has created negative sentiment impacting Indian IT stocks.
·US-listed American Depositary Receipts (ADRs) of Indian IT firms like Infosys and Wipro saw declines of up to 4%.