The stock market is falling. And the worst condition is that of Indian IT stocks. From TCS to Wipro, HCL Tech is in a bad state. The prices of these stocks have fallen by almost 5 percent in many cases. As a result, the market cap of these stocks has decreased by about 1 lakh crore rupees.

On this day, Infosys has fallen by about 5.18 percent. Its share price has fallen to 1396 rupees. And the price of TCS shares has fallen by 4.58 percent. Its price has reached 2776 rupees. On the other hand, the price of HCL Tech shares has fallen by 4.55 percent. Its price is now 1480.50 rupees. Apart from this, the price of Wipro shares has also fallen rapidly. Its price has fallen by 3.76 percent. Now the price is 221.10 rupees. The price of Tech Mahindra shares has fallen by 4.84 percent. It is at 1555 rupees.

Market capitalization has decreased

On Wednesday, the market cap of these companies was 2471646 crores. And that has dropped to 2371285 taka today. Which simply means that the share price of these 5 companies has dropped by about 1,00,372 taka in a day.

Why are the prices of these stocks falling?

Actually, the ADR of Infosys, Wipro and Cognizant has dropped by about 5 percent in the American market. And that is why the prices of these stocks have also fallen in the Indian stock market on Thursday.

Experts say that the condition of the American market is bad now. Especially, the condition of high-beta and high volatility stocks is bad. Due to which the prices of these stocks are falling.

Experts believe that Enthropic has brought cloud coworking plugins to America. That is why the sell-off has started in IT companies. In fact, investors think that the arrival of AI can bring a big change in the business model of software companies. Due to which the prices of IT stocks are falling.

In this context, VK Vijayakumar, Chief Investment Strategist at Geojit Investment, claims that the ADR of Indian IT companies is decreasing in America. That is why the condition of these stocks in India is also bad.

What to do?

You have to be careful at this time. You have to invest carefully. Otherwise, there can be danger. There is a risk of big losses. So be careful.

Disclaimer: Do not buy or invest in stocks after reading this article. It is written for information and educational purposes. Take expert advice before taking any decision. Also, do your own research. Then invest in stocks.

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Avijit

A digital media professional with 4 years of experience, skilled in online content creation, media and information work, his goal is to regularly bring updates on government projects, scholarships and jobs to his readers.

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