VERIFIEDET Stocks·7 Sept 2026negative

Infosys, HCLTech, TCS, other IT stocks drop up to 3% as Fed rate hike worries return. Here's why

AI Summary

·Indian IT stocks declined on Monday due to renewed concerns about a potential September Federal Reserve rate hike.
·The Nifty IT index saw a decrease of over 2%, impacting major companies like Infosys, HCLTech, and TCS.
·Analysts anticipate long-term growth opportunities driven by AI-related spending in deployment, integration, and modernization.