Infosys, TCS, Wipro: IT stocks tumble as Trump plans immigration suspension

Shares of information technology (IT) companies were under pressure, falling by up to 6 per cent on the National Stock Exchange (NSE) in early morning deals on Tuesday, after US President Donald Trump announced a temporary suspension of immigration into the country.

Tata Consultancy Services (TCS), Infosys, Tech Mahindra, Wipro, HCL Technologies, Hexaware Technologies, NIIT Technologies and Mindtree were down 1 per cent to 5 per cent on the NSE in intra-day trade.

However, Nifty IT index has outperformed the market, down 2.1 per cent compared to 2.7 per cent decline in the benchmark Nifty 50