Indian IT stocks, including Infosys and TCS, experienced a significant decline of up to 3% on Thursday. This downturn was triggered by a hawkish stance from the US Federal Reserve, which has increased expectations of a rate hike later this year. Concerns over reduced discretionary spending in North America, a key market for these companies, are driving the sell-off.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain
September 6, 2026