Technology stocks experienced a decline as investors assessed AI’s impact on India’s IT services sector. Experts suggest adaptation over alarm, noting that while medium-term challenges exist, short-term reactions are overdone. The focus shifts to domestic consumption, infrastructure, and cement sectors for resilience amid global uncertainty.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.