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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 157.80 1.30 0.83
Nhpc 34.05 0.10 0.29
Indiabulls Hsg 126.10 -1.10 -0.86
Sbi 517.30 6.00 1.17

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