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₹4 Lakh Crore Lost In IT Stocks In Just One Month | CA Rachana Ranade | #shorts

The Nifty IT index has experienced a significant downturn, losing approximately 4 lakh crore rupees in market value in June alone, hitting a fresh three-year low. This decline is attributed to concerns over US economic uncertainty, potential for prolonged higher interest rates impacting technology spending, and the disruptive influence of generative AI on the traditional IT outsourcing model. Major Indian IT companies like TCS, Infosys, HCLTech, Wipro, and LTI Metry were among the top losers.

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INFYNeutralLow ConvictionResearch Only

Infosys was listed as a top losing IT stock amidst broader sector weakness.

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