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IT Drags Sensex: Infosys, TCS Fall as Client Spend Concerns Grow Amid Tariff Fears

  • By admin
  • April 4, 2025
  • 29 Views

🔻 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.

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