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Home ยป IT Heavyweights Slide as Global Bond Yields Surge

IT Heavyweights Slide as Global Bond Yields Surge

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Export-oriented IT counters faced heavy profit-booking as rising US Treasury yields and tech demand uncertainty dampened growth expectations. Heavyweights Wipro (-2.54%) and Infosys (-1.65%) led the losses on the Nifty IT index (-1.25%), offsetting defensive buying in select banking and power counters

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