Given this, the stocks of the top tier IT exporters are expected to remain under pressure in the short term. The ET Infotech index has lost 10.9% over the past three months compared with the 2.9% loss in the broader market ET 100 index and 1.6% loss in the benchmark S&P BSE Sensex.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500