why are tech stocks down today in india

2 days agoFor tech stocks that would be a further 25 percent drop. IT stocks have been under pressure so far in 2022 and March quarter results only extended the selling pressure.

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The tech-heavy Nasdaq Composite is down around 23 for the year so far after soaring 21 in 2021.

. GOOGL shares are falling 17 as of this writing. GOOGL shares are falling 17 as of this writing. For the sake of comparison the SP 500 an index made up of 500 of.

Tech stocks are only attractive if the rest of the market is. Why Are Tech Stocks Down Today. As the Federal Reserve turns more hawkish.

Market crash leaves investors poorer by Rs 7 lakh crore. The most notable factor driving tech stocks lower today was a rather dismal inflation printThe most recent consumer price index CPI. By India Today Web Desk.

So there is a premium on the growth that tech stocks deliver. IT behemoths Wipro and TCS fall 4. The Nifty IT index has fallen more than 8 per cent in a week.

Many market sectors are still beaten-down and trade at. Infosys was the top Sensex loser today falling 5 to Rs. Lack of growth In a low inflation environment growth is scarce.

Heres a quick breakdown of how these tech stocks are performing as of Thursday morning. The stock market has certainly taken a turn for the worse. For one the Fed introduced a low-interest environment to stimulate economic growth.

Why Are Tech Stocks Down Today. Amazons stock is off 12 from a recent peak in early February. Why Infosys Tech Mahindra TCS Wipro and other IT sector stocks fell amid the greatest bull run of Indian market.

While tech stocks had been leading the way down tuesdays drop is characterized by more general weakness with almost 90 of sp 500 components trading lower according. Key factors dragging Nifty lower. In a high inflation environment every company.

One of the key drivers of todays price action among tech stocks is bond yields. Apple shares are down more than 18 from their January high. Shares of Peloton were down 13 by midday Tuesday leaving the connected fitness brand with a market value of about 4 billion down more than 90 from its high in early.

The past couple of months have been subdued for IT stocks. META stock is down 22 today. And chipmaker Nvidia has seen its shares plunge.

Tech Mahindra and Mphasis plunge 7. Long bond yields have continued higher in response to. As a result shares of.

Over the last three trading sessions Nasdaq Composite in the US has declined 10 per cent in line with sharp correction in stock prices of technology giants including Apple. So why are tech stocks down if they are more important than ever. Stocks fall Nasdaq drops nearly 25 as tech sector stumbles.

After todays market crash investors became poorer by around Rs 7 lakh crore as the market. Key equities in share markets dropped more than 1 per cent on Tuesday ahead of a possible rate decision from the countrys central bank while global. Why Are Stocks Down Today.

META stock is down 22 today. Jim Paulsen chief investment strategist at The Leuthold Group said the following the CNBC about why tech stocks are down today. Heres a quick breakdown of how these tech stocks are performing as of Thursday morning.

It Shares Indian It S Unlikely To Escape The Us Tech Storm The Economic Times