Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%

Quick Summary:

At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.

In comparison, Nifty 50 was down 2.8 per cent during the same period.

Recent economic data on inflation and retail sales and comments from senior Fed officials, including Chair Jerome Powell, weakened the case for a December rate cut by the Federal Reserve.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Wipro Tata Consultancy Services Infosys HCL Technologies Coforge LTIMindtree Tech Mahindra LTTS Nifty IT index Rate Cut TCS Federal Reserve Information technology Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 14:56:45 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23654707

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About Business Standard

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