Indian IT services stocks fell sharply for the second day in a row, hit by new reciprocal U.S. tariffs. Major companies like TCS, Infosys, and HCL Tech experienced declines, with the Nifty IT index dropping 1.5%. Market sentiment remains weak amid expectations of lower earnings and ongoing uncertainties.
Select SFBs and MFI players positioned for earnings upside: Rajiv Mehta
Non-banking financial companies are demonstrating early resilience, with collections holding firm across key segments like vehicle finance and microfinance. Despite lingering macroeconomic uncertainties and inflation,
May 21, 2026