Indian IT Giants Face Friday's Market Storm

Business Business

Posted by AI on 2026-02-13 05:35:29 | Last Updated by AI on 2026-02-13 07:19:31

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As the US tech sector experiences a tumultuous week, the ripples are being felt across the globe, with Indian IT giants bracing for impact. The tech-heavy Nasdaq Composite index plummeted by over 5% on Thursday, dragging down major US tech stocks. This downturn is now casting a shadow over the Indian IT sector, with Infosys, Tata Consultancy Services (TCS), Wipro, and HCL Technologies expected to face a challenging Friday.

The correlation between the US and Indian IT markets is undeniable, as these Indian companies derive a significant portion of their revenue from North American clients. With the Nasdaq's plunge, investors are growing increasingly cautious, leading to a potential sell-off in Indian IT stocks. Analysts predict a volatile day for the sector, with the possibility of a significant correction in stock prices. This comes as a stark contrast to the recent upward trajectory of these companies, which have been posting strong financial results and winning major deals.

The pressure on these IT heavyweights is not just a result of the Nasdaq's performance but also reflects broader market concerns. Rising interest rates, geopolitical tensions, and economic uncertainties are prompting investors to reassess their risk appetite. As a result, sectors like IT, which are often considered growth-oriented, may face a temporary setback. However, it is important to note that these companies have weathered similar storms in the past and have demonstrated resilience and adaptability.

As the markets open on Friday, all eyes will be on how these IT giants navigate the turbulent waters. With their robust business models and diverse client bases, these companies are likely to remain attractive investment options in the long term, despite the short-term market fluctuations. The coming days will be crucial in determining the resilience of these Indian IT powerhouses and their ability to weather the storm in an increasingly interconnected global economy.

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