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Markets1h 48m ago
Indian IT stocks fell sharply on Thursday, with the Nifty IT index dropping 2.67%, following a US tech selloff and renewed concerns over AI disruption and prolonged high US interest rates.
India, United States
Who
HCL Technologies, Infosys, Tech Mahindra, TCS, OFSS, Persistent Systems, Coforge, LTIMindtree, Mphasis, Wipro, Nvidia, Broadcom, HSBC
What
Indian IT stocks fell sharply on Thursday, with the Nifty IT index dropping 2.67%, following a US tech selloff and renewed concerns over AI disruption and prolonged high US interest rates.
When
Thu, 11 Jun 2026 04:26:17 GMT · 1h 48m ago
Where
India, United States ·
Why
A sharp overnight fall in US technology shares, growing concerns over AI-led disruption, and fears of sustained high interest rates negatively impacted investor sentiment.
The Frontline Impact
How this affects you
The decline in major Indian IT companies like HCL Tech and Infosys, coupled with a broader fall in the Nifty IT index, signals investor uncertainty regarding global technology spending and the long-term impact of AI on the IT services sector, especially given the US market's significance for Indian IT revenue.
Story chain
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