Infosys, TCS: Nifty IT slips 4% amid recession fears as US imposes tariff
Information technology (IT) stocks slumped in Thursday’s trading session after US President Donald Trump imposed ‘reciprocal tariffs’ on all trading partners. Nifty IT fell 4.5 per cent and recorded the day’s low at 34,642.4. The downturn in IT stocks can be attributed to fears around recession and as manufacturing hubs in China and Taiwan face new tariffs above 30 per cent.
