TCS Numbers to Signal IT Sector Outlook

IT stocks have already taken a hit.

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On Monday, shares of major players like Infosys, TCS, HCL Technologies, and Wipro fell between 1% and 4%. Mid-cap firms such as Coforge and Mphasis saw even steeper declines, dropping between 4% and 6%. The Nifty IT Index has corrected by 25% over the past three months.

Prabhudas Lilladher summed up the mood: "Until Q3FY25, gradual recovery in demand was visible within certain pockets; however, all this could change quickly with inflationary trade policies further escalating uncertainties among global enterprises and requiring them to revisit budgetary spends."