Infosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?

Indian IT stocks, led by Infosys, TCS, and Wipro, fell up to 3% on Thursday after the US Federal Reserve adopted a hawkish tone, raising expectations of a rate hike later this year. Concerns over reduced discretionary spending in North America, the key market for Indian IT exporters, are driving the sell-off across the sector.