Worst over for Indian IT sector? Here’s what experts say as they pick TCS, Infosys, Birlasoft among 12 IT stocks to buy

As concerns over a slowdown in the US economy resurfaced after weaker-than-expected August manufacturing number, several large IT stocks, including Infosys, TCS and Wipro, fell 1-3 per cent in intraday trade on Wednesday, September 4, dragging their sectoral index, Nifty IT, lower by a per cent.

The August US manufacturing data underscored subdued factory activity in the world’s largest economy, reigniting fears of a looming recession and weighing on market sentiment globally.