NYSE:IP 8 January 2026

June 30, 2026, 4:05 AM EDT. The Nifty IT index slid more than 2% to hit a 52-week low at 26,425.85, following renewed worries about inflation and possible US Fed rate hikes-up to three this year. Infosys, Tata Consultancy Services (TCS), Wipro and LTI Mindtree each fell 2-3%. Higher US rates have investors bracing for weaker discretionary spend in North America, a key market for Indian IT. The Federal Reserve looks ready to stick with a hawkish tilt as inflation stays above 2%. Geopolitical risk and evolving AI trends add to sector volatility. Market attention now shifts to Q1 results, starting with TCS on July 9, where commentary from management will be key for stocks.