Israel -ran War: Birlasoft, Cyient to FSL-It Stocks Nosedive Despite Despite Hawkish Us Fed Guidance

Israel -ran war: Shares of It Companies Fell Sharply In Thursday’s Trading Session Despite Us Federal Reserve Kept the Key Interest Rates Unchanged and on Rising Worries of Israel-RAN WAR.

Despite Holding Interest Rates Unchanged for the Sixth Consecurave Meeting, The Federal Reserve Reafirmed Expectations for Two Rate Cuts in 2025, as Shown in the updated “Dot Plot,” DOTLINES FOROCASTS From individual policymakers. However, the fed lowered its projection rate cuts for 2026 and 2027, indicating a Slower Pace of Monetary Easing in the Longer Term.

After the announsement, Indian it stocks faced seling pressure. The steep decline in its stocks dragged the nifty it index down by almost 1 per cent during the time early trading.

It stocks decline

Cyient Share Price Saw a Significant Fall of Over 4 per cent to 1,287 on June 18, meaning, shares of birlasoft and firstsource solutions also declined between 2-3 per cent.

Other it companies like tech mahindra, infosys, LTI Mindtree also also Saw their Shares Trade Lower Around 2%. Tech Mahindra Dropped Close to 3 Per Tent, While ofss, Persistent Systems, Coforge, MPHasis, and Infosys registered losses ranging from 1 per cent to 2.6 per cent.

However, it giant wipro and brightcom group shares defied the overall market trend and traded higher.

“The us fed meeting outcome to keep the interest rates unchanged is on the expected lines, but its guidance for two interest rates in 2025 is good news for Indian itere. Uncertainty caused by the israel -ran war.

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