IBM experienced its steepest one-day fall, plunging 25% following weak preliminary quarterly results, potentially leading to selling pressure on Indian IT stocks.

United States

Who

TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems, Coforge, IBM

What

When

Wed, 15 Jul 2026 03:01:00 GMT · 1h 41m ago

Where

United States ·

Why

IBM's significant stock decline was attributed to weak preliminary quarterly results.

The Frontline Impact

How this affects you

Indian IT stocks including TCS, Infosys, and Wipro may face selling pressure. Negative sentiment also affected US-listed Indian IT firms and global software peers.

Story chain

1 event in this thread

No related history yet - this is the origin event.

Verified Sources & Citations

The Economic Times
https://economictimes.indiatimes.com/markets/stocks/news/explained-why-tcs-infosys-wipro-other-it-stocks-may-tumble-after-ibms-historic-25-plunge/articleshow/132404904.cms
HIGH

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