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.
IndusInd to provide for Rs 1,960 cr losses in Q4, to take action against staff
Appointed firm submitted its report on April 26, determining that the cumulative adverse impact on the bank’s profit and loss account stood at ₹1,959.98 crore
April 28, 2025