India Tech Giants Struggle to Shake Off $115 Billion Rout

MarketsIndia Tech Giants Struggle to Shake Off $115 Billion RoutFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Ashutosh JoshiApril 27, 2026 at 12:54 AM UTCBookmarkSaveEarnings from India’s bellwether software services exporters have reinforced investor concerns about the sector’s growth prospects, signaling that the downturn in their stocks has further to run.Infosys Ltd., the second-largest outsourcer, forecastBloomberg Terminal annual sales growth below analysts’ estimates on Thursday, following a profit missBloomberg Terminal at smaller rival HCL Technologies Ltd. two days earlier. Both stocks declined, with the latter hit by at least half a dozen analyst downgrades. A gauge of the sector plunged more than 5% on Friday to close at its lowest level since June 2023.