IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff

April 17, 2025

Wipro’s earnings miss and muted guidance had a ripple effect across the IT sector, dragging down peer stocks. Infosys shares slipped 1.6% ahead of its earnings announcement later in the day. LTIMindtree, HCL Technologies, and Mphasis declined between 3% and 3.4%, while Tech Mahindra, Coforge, and Persistent Systems fell between 2% and 2.4%

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