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TCS, Infosys, 8 other IT stocks plunge up to 38% in 2026. How many do you own?
Indian IT stocks are facing a significant downturn in 2026, with major players like TCS and Infosys experiencing substantial drops of up to 38%. Foreign investors have divested heavily from the sector, pulling billions from Indian equities. LTI Mindtree leads the decline, followed closely by Infosys and TCS, as global capital shifts towards East Asian tech manufacturing hubs. This widespread pressure has impacted even large-cap and mid-tier IT firms.
Asian Markets Today: South Korea's Kospi Rebounds As Middle East Tensions Ease And Tech Shares Recover
Japan, South Korea and Australia markets advanced after Wall Street recovered and concerns over Middle East supply disruptions eased.
Asia markets tumble as tech rout deepens
Asian markets experienced a sharp downturn as the AI rally cooled, with South Korea's KOSPI halting trading after a significant drop. Investors are now weighing the impact of potential Federal Reserve rate hikes and upcoming inflation data. Meanwhile, escalating Middle East tensions pushed oil prices higher, while the dollar strengthened against the yen.
Asian Markets Today: South Korea's Kospi Slides Over 6% As Tech Stocks Track Wall Street Selloff; Middle East Risks in Focus
South Korea's Kospi dropped 6.29%, making it the worst-performing major market in Asia. Japan's Nikkei 225 fell 1.34%, while Australia's ASX 200 lost 0.51%.
Iran war impact on travel: How Jefferies is tweaking its hotel, airline stock portfolio
Jefferies has turned cautious on India’s travel sector as the Iran–Middle East war hurts international traffic, lifts fuel costs and weakens foreign tourist arrivals. It trims earnings for airlines, hotels and travel-tech names, while maintaining BUY ratings on GMR Airports, IndiGo and key hotel stocks.