{"id":146036,"date":"2025-03-11T12:18:41","date_gmt":"2025-03-11T06:48:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=146036"},"modified":"2025-03-11T12:18:45","modified_gmt":"2025-03-11T06:48:45","slug":"coforge-tcs-and-other-it-stocks-fall-up-to-5-amid-us-recession-fears","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/coforge-tcs-and-other-it-stocks-fall-up-to-5-amid-us-recession-fears\/","title":{"rendered":"Coforge, TCS, and other IT stocks fall up to 5% amid US recession fears"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3705683016\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The IT index opened 2 percent lower on Tuesday as the US markets plunged on Monday. This was due to recession fears following US Treasury Secretary Scott Bessent\u2019s warning about an economic \u201cdetox period\u201d due to government spending cuts. Further, President Donald Trump acknowledged a transition phase but remained optimistic.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4277198453\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The &#8220;Magnificent Seven&#8221; tech stocks led the decline with the Dow Jones falling 2 percent, the S&amp;P 500 nearly 3 percent and the Nasdaq tumbling over 4 percent.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/COFORGE\" target=\"_blank\" rel=\"noreferrer noopener\">Coforge Ltd<\/a><\/strong><\/h2><p>With a market capitalization of Rs 49,654.95 crore, Coforge Ltd fell 4 percent in Tuesday\u2019s trading session and made an intraday low of Rs 7,223.90 per share compared to its previous closing price of Rs 7,530.55 per share.&nbsp;<\/p><p>The shares reiterated from the day\u2019s low and were trading at Rs 7,425.25 which is 1 percent lower than the previous close.<\/p><div class=\"trade-content_5\" id=\"trade-3452687378\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Coforge is an IT services company offering comprehensive software solutions and services. It is among India&#8217;s top 20 software exporters and serves major global clients such as the ING Group, British Airways, SEI Investments, SITA, and Sabre. Coforge has established subsidiaries in the US, Singapore, Australia, the UK, Germany, and Thailand, focusing on marketing and project mobilization.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/INFY\" target=\"_blank\" rel=\"noreferrer noopener\">Infosys Ltd<\/a><\/strong><\/h2><p>With a market capitalization of Rs 6,82,688.67 crore, Infosys Ltd fell nearly 4 percent in Tuesday\u2019s trading session and made an intraday low of Rs 1,637.05 per share compared to its previous closing price of Rs 1,702.75 per share.&nbsp;<\/p><p>The shares reiterated from the day\u2019s low and were trading at Rs 1,643.95 which is 3 percent lower than the previous close.<\/p><p>Infosys is engaged in providing technology, consulting and outsourcing services. The segments of the company include retail, financial services, communication, manufacturing and life sciences among others. Its diverse product portfolio includes Finacle, Panaya platform, Infosys Equinox, Infosys Cortex and many more.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/WIPRO\" target=\"_blank\" rel=\"noreferrer noopener\">Wipro Ltd<\/a><\/strong><\/h2><p>With a market capitalization of Rs 2,88,441.68 crore, Wipro Ltd fell 3 percent in Tuesday\u2019s trading session and made an intraday low of Rs 273.10 per share compared to its previous closing price of Rs 280.90 per share.&nbsp;<\/p><p>The shares reiterated from the day\u2019s low and were trading at Rs 275.45 which is 2 percent lower than the previous close.<\/p><div class=\"trade-content-10\" id=\"trade-2292078048\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Wipro is a global company that operates through 2 segments: IT services and IT products. The services segment includes customer centric design, digital strategic advisory, systems integration and package implementation. The products segment primarily consists of third-party IT products which allows it to provide IT system integration services.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/TCS\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Consultancy Services Ltd<\/a><\/strong><\/h2><p>With a market capitalization of Rs 12,89,540.66 crore, Tata Consultancy Services Ltd fell over 1 percent in Tuesday\u2019s trading session and made an intraday low of Rs 3,536.90 per share compared to its previous closing price of Rs 3,588.10 per share.&nbsp;<\/p><p>The shares reiterated from the day\u2019s low and were trading at Rs 3,570.20 which is a slight decrease compared to the previous close.<\/p><p>Tata Consultancy Services (TCS), the flagship company of the Tata Group, is a leading IT services, consulting, and business solutions provider. For over 50 years, TCS has collaborated with some of the world\u2019s largest businesses, supporting their transformation journeys. The company offers an AI-powered, consulting-driven, and integrated portfolio of technology, business, and engineering services and solutions.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shwetha Sairam<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-4114299605\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The IT index opened 2 percent lower on Tuesday as the US markets plunged on Monday. This was due to recession fears following US Treasury Secretary Scott Bessent\u2019s warning about an economic \u201cdetox period\u201d due to government spending cuts. Further, President Donald Trump acknowledged a transition phase but remained optimistic.&nbsp; The &#8220;Magnificent Seven&#8221; tech stocks [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13518,6444,6443,27446,9011,3323,8547,948,936,2597,17631,17963,12412,8875,4201],"class_list":["post-146036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-coforge-latest-news","tag-coforge-limited-latest-news","tag-coforge-limited-share-price","tag-coforge-ltd","tag-coforge-share-price","tag-infosys","tag-infosys-latest-news","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-tata-consultancy-services","tag-tata-consultancy-services-latest-news","tag-tata-consultancy-services-share-price","tag-wipro-latest-news","tag-wipro-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coforge, TCS, and other IT stocks fall up to 5% amid US recession fears - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The IT index opened 2 percent lower on Tuesday as the US markets plunged on Monday. 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