Coforge, TCS, and Infosys are top losers on a bad day for IT stocks – blogwspace.com

Coforge, TCS, and Infosys are top losers on a bad day for IT stocks

Indian IT stocks are one of the top contributors in dragging the Nifty  50 down from a record high to 20,800 and the Sensex losing over 300 points on Wednesday (December 13).
Three out of five top Nifty 50 losers, TCS, Infosys and LTIMindtree, are technology stocks. While there’s no clear news trigger for the fall in these stocks, some market participants attribute the nervousness to the impending outcome of the interest rate decision from the US Federal Reserve.

All 10 Nifty IT stocks are trading in the red. Coforge (-2.39%), TCS (-2.19%) and Infosys (-1.90%).

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The Nifty IT index is down 1.67% or 560.35 points at this hour, down for the second day in a row.  The index has fallen for the fifth session in the last 10 trading days.

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