Indian IT stocks fall on worries over impact to U.S. economy from Trump tariffs

April 3 - Indian IT shares .NIFTYIT down 3.5%

Index is top sectoral loser among Nifty indexes

U.S. President Donald Trump slapped a bigger-than-expected wall of tariffs around the world's largest economy, possibly impacting trade and supply chains

Indian IT companies may see indirect impacts from slower U.S. GDP growth due to higher tariffs, impacting demand from manufacturing, logistics and retail verticals despite U.S. rate cuts - Jefferies

Revenue growth for IT firms is highly correlated to U.S. real GDP growth - brokerage

Among large-caps, Tech Mahindra TEML.NS, HCLTech HCLT.NS have strong exposure to manufacturing, retail verticals in U.S. - Jefferies

The two companies decline 2.7% and 2.5%, respectively

Persistent Systems PERS.NS down the most by 8.5%, Coforge COFO.NS loses 6.5%
YTD, IT stocks have fallen 19% vs 1.7% decline in Nifty 50 index .NSEI