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After Wipro and TCS, Infosys reports variable pay cut to fight shrinking margins. Rich valuations and an anticipated slowdown in IT spends, given the rising inflation and a likely slowdown in global growth, build pressure on the IT stocks.

Tech stocks stay in the red for 4th session, BSE IT index hits a 3-week low




Name Price Change % Chg
Ntpc 157.60 1.10 0.7
Indiabulls Hsg 125.75 -1.45 -1.14
Sbi 516.00 4.70 0.92
Nhpc 34.00 0.05 0.15

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