14 Nov 2025 | 5 Mins Read
IT stocks slump as December rate cut hopes dwindle
Flipitmoney
Indian IT stocks plummeted over 1% to 36,294, with Infosys down 2%, as US Fed FOMC meeting hopes for rate cut fade. San Francisco Fed President Mary Daly, Minneapolis Fed President Neel Kashkari expressed reluctance for further easing, citing inflation and resilience. This led to interest rate futures dropping to 47% chance of a cut, affecting investor sentiment and North American market revenue.