Have Indian IT stocks been able to decouple from their global peers listed on Wall Street? That’s a question that several domestic market players are grappling with as they witness a great divide between the newly listed tech-driven companies in India that have seen their stocks crash, while the more traditional ones mostly weathered the global onslaught.
Consider this: Among the larger Indian IT services exporters, other than Wipro andTech Mahindra, the loss in stock prices of TCS, Infosys and HCL Tech are in mid-teen percentage points to low double digits.
