Stock Market Today, July 1 -- HCL Technologies, Tata Consultancy Services, and Infosys share prices, among other IT stocks, have underperformed during the first half of the calendar year, led by concerns about the global economic growth. The proposed tariffs further added to the uncertainties, especially in developed markets such as the US and Europe.

Not surprisingly, HCL Technologies, Tata Consultancy Services, and Infosys share prices have declined 10-17% during the year (year-to-date in 2025) despite the benchmark Nifty 50 Index having risen 7-8% in the calendar year to date.

With expected rate cuts in the US, expected to aid economic recovery, the progress in trade deals is being watched carefully. Can the IT sector experience reco...