New Delhi, Sept. 26 -- Indian IT stocks, including TCS, Infosys, HCLTech, and others, faced their sixth consecutive day of decline on Friday following the release of results by US consulting giant Accenture after market hours in India and amid a sharp increase in US H-1B visa fees.
Over the last six sessions, the Nifty IT index has fallen by as much as 7.4 per cent. Meanwhile, in the last five sessions (till Thursday, September 25), the ten Nifty IT constituents collectively lost around Rs.1.8 lakh crore in market capitalisation.
All constituents of the Nifty IT index traded in the red. Wipro saw the steepest fall of 2 per cent, followed by LTI Mindtree, Infosys, HCL Tech, Tech Mahindra, and Coforge, each down more than 1 per cent. L&T ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.