[GLOBAL INDEX / MACRO SPILLOVER]
US selloff > 1% — risk-off ripple to India open
Indian IT services correlated with US tech selloffs > 1%
▼ Stocks under pressure6 cos
INFYIT
Infosys
IT services correlated with US tech tape
TCSIT
Tata Consultancy Services
IT services correlated with US tech tape
HCLTECHIT
HCL Technologies
IT services correlated with US tech tape
WIPROIT
Wipro
IT services correlated with US tech tape
TECHMIT
Tech Mahindra
IT services correlated with US tech tape
LTIMIT
LTIMindtree
IT services correlated with US tech tape
Historical examples
2024-08-05 — Global selloff: S&P -3%, Nasdaq -3.4% on Yen carry unwind
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