Infosys, TCS, other IT stocks fall up to 2% as US Fed’s hawkish tone clouds rate cut trajectory

Indian IT stocks fell up to 2% after the US Federal Reserve kept policy rates unchanged, citing persistent inflation concerns. Higher energy prices and geopolitical tensions in the Middle East, coupled with tariff impacts, are pushing up inflation projections. This decision, along with existing investor worries about AI’s impact on demand, contributed to a broader market downturn.