Loading… recession? 6 market bugs crash IT stocks, Rs 88,000 crore deleted
India’s IT sector is in turmoil, with stocks plunging up to 33% from their peaks as mounting recession fears in the US, downgrades, and target price cuts rattle investors. The top 10 IT stocks have collectively lost Rs 88,000 crore in market value, dragging the Nifty IT index deep into bear territory. Tata Consultancy Services…
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Narayana Murthy’s family wealth erodes by nearly Rs 6,800 crore as Infosys enters bear market
Shares of Infosys Ltd tumbled 5.5% on Wednesday, extending a two-day slide of over 8% that pushed the IT giant into bear market territory. The sharp decline has not only rattled investors but also erased Rs 6,875 crore from the notional wealth of co-founder Narayana Murthy and his family. At its session low of Rs…
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