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GIFT Nifty is lower, trading at a discount of over 30 points from Nifty Futures Tuesday’s close, indicating a start in the red for the Indian market; #IT stocks in focus.

On Wednesday, February 4, shares of Indian IT companies, including Infosys Ltd., Wipro Ltd., Tata Consultancy Services Ltd. (TCS), Persistent Systems Ltd., and Coforge Ltd., will be under scrutiny following a sharp overnight sell-off in US software stocks due to renewed concerns regarding the viability of their business models.

The long-awaited US tariff cuts on Indian imports helped the Nifty record its largest single-day absolute gain of more over 1,200 points on Tuesday.

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