Explained: Why Wipro, Infosys and other IT stocks rose up to 1% despite Rs 12 lakh crore market selloff - The Economic Times
Analysis of this story by The Economic Times · 9 Mar 2026, 1:19 PM IST (about 2 months ago)
AI Analysis
The IT sector often acts as a defensive play or benefits from currency depreciation during broader market corrections.
Trading Insight
Monitor the IT sector for relative strength during market volatility, but consider current valuations.
Quick check: WIPRO neutral (oversold), INFY bearish bias (oversold).
Key Evidence
- •Wipro, Infosys and other IT stocks rose up to 1% despite Rs 12 lakh crore market selloff.
- •Risk flag: Global economic slowdown impacting IT spending
- •Risk flag: Currency fluctuations (USD/INR)
Affected Stocks
Sectors:it
Sources and updates
Original source: The Economic Times
Published: 9 Mar 2026, 1:19 PM IST
Last updated on Anadi News: 10 Mar 2026, 3:44 PM IST
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