New Delhi, Feb. 13 -- Infosys, Tata Consultancy Services, Wipro, HCL Technologies and other IT stocks are likely to remain under pressure on Friday after witnessing a sharp sell-off in the previous session. Concerns around Artificial Intelligence (AI)-led disruption and weak sentiment across global technology stocks continue to weigh on the sector.
The Nifty IT Index plunged 5.5% in the previous session, led by sharp declines in Coforge, Tech Mahindra, Oracle Financial Services Software and Infosys. The index has fallen nearly 7% over the past week and is down about 13% so far this year, reflecting sustained selling pressure.
Overnight weakness in global markets, particularly on Wall Street, is expected to further dent sentiment for Ind...
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