Nifty IT falls 2.86% as Indian tech faces global uncertainty
NewsBytes | May 12, 2026 1:39 PM CST
Sector down over 8% amid caution
Infosys fell 3.24% and TCS slipped 2.76%, while other firms like Tech Mahindra and Wipro also lost ground.
The whole sector has dropped over 8% this past month, with many stocks near their 52-week lows.
Even though a weaker rupee usually helps India's export-focused IT firms, worries about slower growth worldwide are keeping investors cautious for now.
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