💨 Abstract

Indian IT stocks led losses in domestic shares on Monday, with the Sensex inching closer to a correction. The Nifty 50 and Sensex indices fell due to concerns over foreign outflows and lacklustre corporate earnings. IT companies, which earn a significant share of their revenue from the U.S., lost 2.9% following the Federal Reserve Chair's indication of slower rate cuts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖