IT Stocks Fall as US Fed Rate-Cut Hopes Diminish

Indian IT stocks dropped on November 14, dragging Nifty IT down over 1% (at the time of posting), as expectations faded for a US Fed rate cut in December. Hawkish Fed comments dampened global tech sentiment, hurting Indian IT firms reliant on US spending.

Infosys, Mphasis, Coforge, Tech Mahindra and Wipro were among the top losers.