Recession fears can pull IT stocks lower

The Nifty IT index declined 3.5% on Monday, its highest decline in two-and-a-half months after the US Federal Reserve Chairperson Jerome Powell on Friday emphasized that the central bank’s priority remains controlling inflation even if higher interest rates lead to lower economic growth.

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IT stocks tumble as outlook turns hazy

The Nifty IT index tumbled 4.2% – the biggest loser among sector indices. Shares of Persistent Systems plunged 10%, while Coforge dropped nearly 8%. TCS,

April 4, 2025

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