Nifty IT index drops more than 1% as rate-hike bets rise
Indian IT stocks fell in early trade on Sept. 7, with the Nifty IT index down more than 1%. Infosys, Wipro and TCS dropped as a strong US jobs report lifted expectations of another Federal Reserve rate hike.
Indian IT stocks were under pressure in early trade on September 7, with the Nifty IT index falling more than 1 percent. 5 percent after a strong US jobs report lifted expectations of another Federal Reserve interest rate hike.