India's IT stocks slip to over 1-month low as trade worries persist

India's IT stocks index .NIFTYIT drop about 2.5% to its lowest level in more than a month; all 10 constituents in the red

Nifty 50 .NSEI up 0.1%; .NIFTYIT top loser among sub-indexes

Infosys INFY.NS slumps 3%; Wipro WIPR.NS down 2.1%,

HCL Tech HCLT.NS down 2.5%, Tech Mahindra TEML.NS falls 1.3%; CLSA downgrades them, citing "lack of concrete signs of a major turnaround" for the sector

Trump said tariffs on Indian goods could be raised over Russian oil issue

Expect slow, uneven recovery for Indian IT services; margin trajectory needs to be monitored, but pressure likely to continue; valuations not attractive - Citi

Nomura says continued depreciation of INR vs USD to have aided margins in Q3FY26; expects Q3FY26F results to show normal impact from furloughs and the holiday season