
🔻 IT Stocks Tumble as US Tariff Concerns Weigh on Growth
- IT sector selloff continues amid fears of slowing US client spending.
- TCS, Infosys, Wipro, HCL Tech see sharp declines; Nifty IT index down 1.5%.
- Coforge (-4%), Persistent (-3%), Infosys (-3%) lead the losses.
- Jefferies warns of indirect IT impacts from weaker global GDP growth.
- Manufacturing, Logistics, Retail demand likely to suffer, while Healthcare, Utilities, and Communications may remain resilient.
- Tech Mahindra, HCL Tech seen as better positioned among large caps.