IT companies Wipro and Infosys face economic headwinds as the dollar strengthens and Fed rate outlook hardens.
2 reports, 1 independent
Updated Jul 22
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What happened
IT companies Wipro and Infosys face economic headwinds as the dollar strengthens and Fed rate outlook hardens.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Wipro
Indian information technology services corporation headquartered in Bengaluru, India
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- Major Indian IT companies, including TCS, Infosys, Wipro, and HCL, are currently locked in a fierce competition for market leadership, with TCS also vying with Reliance Industries.
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Infosys
Indian multinational technology company
- On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.
- Major Indian IT companies including TCS, Infosys, Wipro, and HCL experienced significant stock price declines on January 1, 2026, amidst market corrections and expert commentary on TCS.