Tech Mahindra shares saw a decline of 2.7% after first-quarter results missed expectations. This made it the biggest loser on the Nifty. Other IT stocks also experienced a downturn. LTI Mindtree, Persistent Systems, and Infosys were among the major decliners. Analysts have mixed opinions on Tech Mahindra’s future. Some cite high valuations as a concern.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended losses for a fifth straight session, pressured by elevated oil prices and persistent FII outflows. Despite intraday recovery, sentiment remains weak amid