India’s IT sector is experiencing a sharp selloff, with foreign institutional investors (FIIs) unloading shares of major companies such as TCS and Infosys. The Nifty IT index has dropped 26% from its peak.
TCS, Infosys, HCL Tech, and even midcap firms like Persistent and Mphasis saw FII exits in the March quarter, prompting concerns: is this the height of pessimism, or the start of a more significant correction?
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