🔴 Infosys is trading 4.1% down today as renewed US rate-hike expectations pressure IT stocks

Infosys is trading now at INR 1037.60, down 4.1% after renewed expectations of a US rate hike pressured Indian technology stocks.

• The Nifty IT index fell 3.06% in early trading, as investors worried higher US rates could delay technology spending and worsen cautious client demand.
• HCLTech, Tech Mahindra, TCS and Coforge also fell, suggesting the decline appears sector-wide rather than company-specific.