Indian IT Stocks Plunge Amid U.S. Tariff Concerns

Indian IT stocks dropped sharply

Mphasis fell 6.7%, HCL Tech 1.8%, and Wipro 1.4%.

U.S. Tariff Worries

U.S. tariffs on imports will continue. Trump announced doubling steel tariffs from June 4.

IT Sector Impact

The U.S. is key for Indian IT. Tariffs may slow growth and cut tech spending.

Market Caution

Rising U.S. debt pushed bond yields up. Higher rates may hurt outsourcing revenues.

Watch the Trends

Experts see more pressure on IT stocks. Investors should track U.S. trade moves.