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Wednesday, January 15, 2025 | 03:57 PM ISTEN Hindi

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IT stocks under pressure amid global sell-off; Infosys, Wipro down 2%

Nifty IT index was down 1.2% as compared to a 0.45% decline in the Nifty 50 index in the early trade.

Infosys
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FILE PHOTO: The logo of Infosys is pictured inside the company's headquarters in Bengaluru | Photo: Reuters

SI Reporter Mumbai
Shares of information technology (IT) companies were under pressure with Nifty IT index falling over 1% on Tuesday after Wall Street’s all major indices slid more than 2% on Monday, amid concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve on the course of US interest-rate hikes. The FOMC is scheduled to meet on Tuesday and Wednesday.

Infosys, Mindtree and Wipro were down 2% each, while NIIT Technologies, Tech Mahindra and Tata Consultancy Services (TCS) trading lower 1% each on the National Stock Exchange (NSE).

At 09:38 am; Nifty IT index was

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