Indian IT stocks at near one-year low as Trump's tariffs spark demand concerns

ReutersApr 7, 2025 7:22 AM

Indian IT stocks .NIFTYIT extend decline to fall 5.1% to their lowest level in nearly one year

All 10 constituents drop, with index 2nd-biggest loser among 13 major sectors; Benchmark Nifty 50 .NSEI down 4.8% .BO

IT index has slid 12.3% in three sessions since U.S. announced reciprocal tariffs; index down 27% YTD vs Nifty's 8% decline

Analysts have flagged the US-reliant IT sector should brace for a rough year as tariffs could stoke US inflation, forcing clients to cut spending

Market leader TCS TCS.NS to kick off Q4 earnings for sector on Thursday

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