Infosys is trading 5.3% down now at $11.08 after renewed concerns that stronger U.S. employment data could encourage another Federal Reserve rate hike.
- Indian IT stocks broadly weakened as higher rates could pressure American clients’ discretionary technology spending and reduce sector valuations.
- Infosys fell 3.5% on September 7; no fresh company-specific announcement was identified for September 8.
- The decline was primarily sector-driven, with broader cautious sentiment adding pressure; open activity was elevated, but volume data was unavailable.