Goldman Sachs lowered its growth expectations for the IT sector, impacting major players like Infosys.
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Updated oct 17
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How it started
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What happened
Goldman Sachs lowered its growth expectations for the IT sector, impacting major players like Infosys.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.AI-linked equities sell-off impacts Nasdaq, affecting major IT firms Infosys and HCL.1 source
- Meesho and Infosys saw market valuation dips due to growth concerns and guidance cuts, despite a bullish outlook on India's economy.Sub-event
Goldman Sachs downgraded growth forecasts for the IT sector.1 source
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The entities involved
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Infosys
Indian multinational technology company
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Goldman Sachs
American investment bank
Related events
- Infosys, an Indian multinational technology company, and Federal Bank, a financial sector operator, were noted.
- Nandan Nilekani forecasts a significant shift in the job market within India.
- Infosys announced plans to expand its Global Capability Center in Hyderabad.
- Infosys is supporting Truist's Global Capability Center in Hyderabad, leveraging India's role as a global innovation hub.
- Global market sentiment affected Indian indices, with IT sector gains driven by company earnings, involving Nasdaq, Info Edge, and Infosys.