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Why are Infosys, TCS and Wipro under pressure? Nifty IT Index bucks trend, down nearly 2%

in5points
  1. Nifty IT index fell nearly 2% on Monday despite a positive broader market.

  2. IT stocks including TCS, Infosys, and Wipro declined, bucking the market trend.

  3. Analysts attributed the decline to profit booking and concerns over demand outlook.

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Viveck Goenka

Indian Express Group

Viveck Goenka

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