Global macroeconomic risk enters Indian portfolios

was among the biggest Nifty losers on 7 September, falling 3.76%, while the Nifty IT index declined 2.28%. Reuters also reported that Indian IT stocks came under pressure as concerns over oil prices and geopolitical tensions combined with changing expectations around US monetary policy. This provides a critical lesson for beginners: an Indian IT company's business may depend heavily on the United States and other developed economies. Therefore, investors should monitor US technology spending, recession risks, interest rates, currency movements, artificial intelligence disruption and large-deal wins. Investor lesson: An Indian company's stock can be strongly affected by events occurring thousands of kilometres away.