TCS vs Infosys vs Wipro: Which IT stock stands strongest ahead of the US presidential election 2024? Experts weigh in

The US presidential election in 2024 could have a major impact on the outlook for Indian IT service providers. The outcome could lead to changes in trade policies, visa regulations, and the movement of the US dollar—all crucial factors for Indian IT players.

Despite headwinds from a demand slowdown and high interest rates in major markets, the IT index has outperformed the benchmark over the last year. The Nifty IT index has gained 31 per cent, while the benchmark Nifty 50 has risen 25 per cent.