🔴 Infosys is trading 4.06% down today as U.S. rate-hike fears hit Indian IT stocks

Infosys is trading at INR 1039.00, down 4.06% after renewed expectations of a U.S. Federal Reserve rate hike pressured Indian technology stocks.

• Stronger-than-expected U.S. jobs data raised concerns that higher rates could delay client spending and weaken demand outlooks.
• The Nifty IT index fell about 3%, with Infosys among the sector’s major decliners.