The sharp drop in US consumer sentiment and persistent inflation concerns have triggered a selloff in Indian IT stocks, which have fallen up to 28% in a month. On Monday, IT stocks fell sharply on concerns over US stagflation as the world’s largest economy remains critical to the performance of the domestic tech stocks. Experts cite tariff concerns, weak earnings, and FII outflows as key risks but recommend accumulating large-cap IT stocks for long-term stability.
TeamLease Services block deal: Goldman Sachs sells shares worth Rs 17 crore in smallcap stock
Goldman Sachs sold 89,314 shares of TeamLease Services for ₹17.5 crore via a block deal. The stock has declined 32% year-to-date and underperformed Nifty. The
February 25, 2025