From NDTV
Center-Right Owned by Adani Group (AMG Media)Global AI Stocks Fell On US Midterm Verdict. So Why Did TCS And Infosys Fall Too?
What's behind this
A global technology sell‑off triggered by the US midterm election results pulled Indian IT shares lower, with TCS and Infosys falling as investors questioned AI spending, outsourcing demand and the sector’s earnings outlook. The weakness in IT stocks dragged the Nifty down even as FMCG and healthcare indices held firm. Foreign institutional investors continued buying for a third straight session, but market participants weighed those inflows against technology‑sector weakness, broader global uncertainties and the possibility of profit‑booking after recent gains.
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right · 1 outlet
A global technology sell-off triggered by US midterm election results dragged Indian IT stocks lower, as investors questioned AI spending, outsourcing demand and the sector's earnings outlook.
— NDTV
RSS excerpt
A global technology sell-off triggered by US midterm election results dragged Indian IT stocks lower, as investors questioned AI spending, outsourcing demand and the sector's earnings outlook.
