Indian IT Stocks Navigate Challenging Waters Amid Global Market Volatility
In the ever-evolving landscape of global finance, Indian IT stocks find themselves in a whirlwind influenced by the pricing dynamics of American Depositary Receipts (ADRs). This turbulence has been particularly noticeable following a sharp decline in Accenture's share price due to disappointing quarterly figures, casting a shadow over the Nifty IT index. Major players such as Infosys and Wipro have felt the brunt of this downturn, with their ADR prices succumbing to pressure.
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