Nifty IT index enters bear market; major declines expected

economictimes.indiatimes.com — March 16, 2025 at 07:01 AM UTC

The Nifty IT index has entered a bear market due to concerns about a potential slowdown in the U.S. economy. Key technical supports have been broken, indicating further declines for major companies like Infosys and Wipro. Defence stocks are gaining traction as the European Union plans to increase defence spending. Many of these stocks have corrected significantly but are now showing signs of recovery. Analysts suggest a range-bound market ahead of the Q4 earnings season. Stock picks include Rain and Maxhealth, both expected to rebound in the coming weeks.

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