Infy, TCS: Should you book profit in IT stocks amid global tech sell-off?

The technology-benchmark index – NASDAQ tumbled 3.6 per cent in the US dragged by earnings disappointment by Tesla and Google. Last week, too, the tech-laced index fell sharply owing to a sell-off in chip-makers following Donald Trump’s adverse comments on Taiwan.

The NASDAQ index has plunged 7 per cent in the last two weeks.

Back home, in the same period, the NSE IT index has surged nearly 7 per cent riding on better-than-expected Q1 earnings from IT majors in India. CoForge, MphasiS and Infosys were the major gainers, up 11 – 14 per cent each.