Infosys, HCLTech, TCS, Other IT Stocks Drop up to 3% as Fed Rate Hike Worries Return. Here's Why

No, Friday's jobs report hasn't materially boosted Fed rate hike odds

Infosys, HCLTech, TCS, other IT stocks drop up to 3% as Fed rate hike worries return. Here's why

Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with Infosys, HCLTech, TCS and others declining. Analysts, however, see longer-term opportunities from AI-led spending on deployment, integration and modernisation.

Nifty IT falls over 1%; Infosys, Tech Mahindra, HCL Tech lead losses as Fed rate hike bets rise

Nifty IT fell over 1 percent in early trade, with Infosys, Tech Mahindra and HCL Tech leading losses as a strong US jobs report raised expectations of a Federal Reserve rate hike.

US Jobs Report Stuns Wall Street as Stocks Fall

WASHINGTON, DC – September 7, 2026 (STL.News) The U.S. labor market delivered one of its biggest surprises of the year Friday, with employers adding 162,000 jobs in August, far exceeding Wall Street expectations and abruptly changing the conversation surrounding the Federal Reserve, interest rates and the strength of the American economy. In an unusual Wall […] This News US Jobs Report Stuns Wall Street as Stocks Fall appeared first on STL.News.

IT Stocks Fall Up To 2% As Strong US Jobs Data Raises Fed Rate Hike Concerns

Indian IT stocks declined sharply as investors worried about a possible US Federal Reserve rate hike after strong jobs data. The Nifty IT index fell over 1%, with Infosys, Wipro, TCS and other major firms facing selling pressure. Higher US rates and bond yields could impact technology valuations and client spending