{"id":878022,"date":"2024-11-19T07:16:22","date_gmt":"2024-11-19T01:46:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=878022"},"modified":"2024-11-19T07:38:02","modified_gmt":"2024-11-19T02:08:02","slug":"nifty-it-index-down-2-on-profit-booking-tcs-infosys-wipro-slip-up-to-3","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/19\/nifty-it-index-down-2-on-profit-booking-tcs-infosys-wipro-slip-up-to-3\/","title":{"rendered":"Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%"},"content":{"rendered":"<p>Shares of information technology (IT) companies were under pressure on Monday with the Nifty IT index falling over 2 per cent on the National Stock Exchange (NSE) on profit booking after Nasdaq fell 2 per cent on Friday on concerns about slower interest-rate cuts. <\/p>\n<p>The US market fell sharply on Friday, and the yield on the 10-year note touched a six-month high. Recent economic data on inflation and retail sales and comments from senior Fed officials, including Chair Jerome Powell, weakened the case for a December rate cut by the Federal Reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of information technology (IT) companies were under pressure on Monday with the Nifty IT index falling over 2 per cent on the National Stock Exchange (NSE) on profit booking after Nasdaq fell 2 per cent on Friday on concerns about slower interest-rate cuts. The US market fell sharply on Friday, and the yield on the 10-year note touched a six-month high. Recent economic data on inflation and retail sales and comments from senior Fed officials, including Chair Jerome Powell, weakened the case for a December rate cut by the Federal Reserve.<\/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":[9,34,4],"tags":[],"class_list":["post-878022","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878022","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=878022"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878022\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=878022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=878022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=878022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}