Tag: Nifty IT index

• 27/07/2025
• by GAGA
• Share Market

Moody’s US downgrade, a fresh jolt for IT stocks after stellar 30% rally – buy or avoid?

US’ credit ratings downgrade by Moody’s could create a short-term setback for the IT stocks, which have enjoyed a formidable run on the D-Street over the past month, rising by up to 30%. A glimpse of which was seen on Monday where tech counters fell sharply. “Moody’s downgrade comes following Fitch’s earlier action in August…