New Delhi, April 27 -- The brutal selloff in IT stocks has made headlines in the stock market this year, and maybe rightly so. The sector, which accounts for 9.4% of the headline index, is a key component of investors' portfolios. And when it falls, the impact reverberates across the market.
Hurt by weak demand, tariff impact and H1-B visa fee hike in 2025, the headwinds for the sector have only multiplied this year, with the growing shift to artificial intelligence (AI) emerging as a key risk, along with weak client spending and longer decision cycles.
Against this backdrop, barring OFSS, all Nifty IT stocks have declined, shedding up to 30% this year. Cumulatively, they have eroded investor wealth worth Rs.767,019 crore, according to ...
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