{"id":857305,"date":"2024-09-19T09:09:22","date_gmt":"2024-09-19T03:39:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=857305"},"modified":"2024-09-19T09:19:44","modified_gmt":"2024-09-19T03:49:44","slug":"it-stocks-plunge-as-investors-lock-in-gains-before-us-fed-rate-decision-nifty-it-drops-3-7","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/19\/it-stocks-plunge-as-investors-lock-in-gains-before-us-fed-rate-decision-nifty-it-drops-3-7\/","title":{"rendered":"IT stocks plunge as investors lock in gains before US Fed rate decision, Nifty IT drops 3.7%"},"content":{"rendered":"<p>Indian IT stocks experienced a sharp sell-off in Wednesday&#8217;s trade, leading the Nifty IT index to plunge by 3.7% to 41,820 points, falling below the 42,000 mark for the first time since September 9.<\/p>\n<p>This decline has pushed the index to a two-week low. All 10 constituents are currently trading with significant losses, with MphasiS emerging as the biggest loser, dropping 5.6%. L&amp;T Technology Services, Persistent Systems, Tata Consultancy Services, HCL Technologies, and Tech Mahindra followed closely, each trading with losses ranging between 3% and 4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian IT stocks experienced a sharp sell-off in Wednesday&#8217;s trade, leading the Nifty IT index to plunge by 3.7% to 41,820 points, falling below the 42,000 mark for the first time since September 9. This decline has pushed the index to a two-week low. All 10 constituents are currently trading with significant losses, with MphasiS emerging as the biggest loser, dropping 5.6%. L&amp;T Technology Services, Persistent Systems, Tata Consultancy Services, HCL Technologies, and Tech Mahindra followed closely, each trading with losses ranging between 3% and 4%.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-857305","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/857305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=857305"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/857305\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=857305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=857305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=857305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}