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Indian IT stocks slipped in Monday’s trade as investors turned cautious ahead of the US Federal Reserve’s policy decision
Infosys, TCS Lead decline in IT stocks today
IT Stocks Fall Today: Indian IT stocks slipped in Monday’s trade as investors turned cautious ahead of the US Federal Reserve’s policy decision, where signals on the pace of interest rate cuts are keenly awaited.
Infosys was the biggest drag on the sector, falling 1.32 per cent to Rs 1,505.40 on the NSE despite announcing a major buyback last week. The company’s board approved a Rs 18,000-crore programme to repurchase 10 crore fully paid-up equity shares of Rs 5 each, representing up to 2.41 per cent of the total equity base, at Rs 1,800 per share.
Other technology majors also lost ground. Tata Consultancy Services (TCS) and Tech Mahindra declined up to 1.07 per cent. The Nifty IT index emerged as the top sectoral loser, shedding nearly 1 percent, with all 10 of its constituents trading in the red. The slide erased gains of 0.3 per cent recorded in the previous session.
The weakness came as investors tracked developments in the US, where the Federal Reserve is expected to announce its first rate cut of the year this week amid signs of a cooling labour market. Political uncertainty, however, is clouding the outlook. Since its last reduction in December, the Fed has held rates steady at 4.25–4.50 percent while assessing the impact of tariffs on inflation.
Bloomberg reported that markets largely expect a 25-basis-point cut when the Fed’s two-day policy meeting wraps up on Wednesday. Investors will also look for cues from Chair Jerome Powell’s commentary on how quickly further cuts may follow.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
September 15, 2025, 11:59 IST
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