Infosys Share Price Live Updates: Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge

Indian IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may face selling pressure after IBM plunged 25% in its steepest-ever one-day fall following weak preliminary quarterly results. Infosys closed at Rs 1102.6 on the previous day, down 0.88%, and has reported negative returns of 14.4% over the past three months. The sharp decline in IBM raises concerns about demand weakness in the global IT services space that could weigh on Indian peers.