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VERIFIEDET Stocks·negative
Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?
AI Summary
- ·Indian IT stocks including Infosys, HCLTech, and LTIMindtree saw declines of up to 3%.
- ·Higher-than-expected US inflation has raised concerns about sustained elevated interest rates.
- ·Investors are also worried about potential disruptions from AI and its impact on future tech spending and client demand.