neutral
Recently
Infosys, Wipro shares in focus as US ADRs slide
Infosys and Wipro ADRs slid up to 6 percent, keeping Indian IT stocks under pressure.
Shares of Infosys and Wipro remained in focus after their US-listed ADRs declined by up to 6% overnight. The fall followed concerns over slowing global technology spending and cautious commentary from clients, and weakness in US equity markets. Investors are closely the monitoring near-term demand visibility, deal pipelines, and margin outlook for Indian IT companies amid continued volatility in overseas markets.