Indian IT stocks witnessed declines of up to 4% following Infosys’ announcement to increase entry-level salaries. Analysts note that the sector is navigating a complex mix of earnings momentum, global demand pressures, and rising talent costs, which has contributed to heightened volatility in the market.
The move underscores growing cost pressures in the IT industry amid competition for skilled talent, prompting investors to reassess near-term profitability expectations.
