India's IT stocks set for worst week in three months amid weak TCS earnings
India's information technology index .NIFTYIT is set to clock losses of about 4% this week, on track for worst in more than three months
Index underperforms benchmark Nifty 50 .NSEI, which is down 1% for the week
Weak Q1 earnings from bellwether Tata Consultancy Services TCS.NS and U.S. President Donald Trump's tariffs weigh on stocks
J.P. Morgan says there could be negative takeaways for peers Infosys INFY.NS, HCL Technologies HCLT.NS and Wipro WIPR.NS from TCS earnings as the weakness was broad-based across industries and geographies likely due to trade uncertainties
TCS and Tech Mahindra TEML.NS down about 4% each for the week, while HCLT slides 5%
INFY and WIPR down 3.1% and 4.4% for the week, respectively
YTD, NIFTYIT down 13% vs Nifty 50's 6.4% rise, falls 1.8% on Friday
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