Click it and Unblock the Notifications
Infosys was down 2.31%, TCS lost 1.51%, while Wipro shed 2 %.
Indian IT companies derive a significant chunk of their income from the US and fears that the country was heading for a fiscal cliff dragged Indian IT stocks lower.
Fiscal cliff" largely involves Bush-era tax cuts and major across-the-board spending cuts that are estimated to total $800 billion, which will take effect from January 1, 2013, unless lawmakers in the US, do something to change the course.
The fiscal cliff requires a sharp cut in a host of benefits and economists warn that it could lead to prolonged recession in the US, if there is no intervention. Recession in the US is certainly not good for Indian software companies that export goods and services to the country.
GoodReturns.in
More From GoodReturns
Stock Market Holidays: BSE, NSE To Be Closed For 3 Days From March 30-April 5; Mahavir Jayanti To Good Friday
Russia to Halt Gasoline Exports from April 1 for Four Months to Stabilise Domestic Fuel Prices
New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?
LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged
Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?
Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026
Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi
Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya
Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April
Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA
5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report
Sign in with Google