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Market move▼ Bearish for Infosys
Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows
The brief
- Nifty IT fell over 11% in September, versus a 6% decline in the Nifty 50
- Weakness weighs on Indian IT services stocks, including Infosys, Wipro and Tata Elxsi
- US probes H-1B visa for fraud, plans 'very different' scheme in a year
- Nifty indices rejig: Which stocks will see the biggest inflows and outflows?
- IT Stocks In Red: TCS, Wipro, Infosys, HCLTech Share Price Falls Up To 2%
- BSE shares rise 1.6%, stock to replace Wipro in Nifty 50 reshuffle
- BSE set to enter Nifty 50 from tomorrow, IT major Wipro to exit. What shareholders must know?
September losses in Indian IT stocks
Nifty IT fell more than 11% in September, compared with a 6% decline in the Nifty 50. Infosys, Wipro and Tata Elxsi traded at 52-week lows; Citi cut its TCS target price and maintained a Sell rating.
Tuesday, 29 September
- Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows