Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit a new 52-week low (opens original article in a new tab)

Infosys shares crashed 9% to a 52-week low amid concerns over weakening IT spending and a hawkish US Fed policy, erasing Rs 40,000 crore in market value.

• Infosys shares fell 9% to a 52-week low, losing Rs 40,000 crore in market value
• Accenture's lower revenue forecast and US Fed's hawkish stance contributed to investor concerns
• Indian IT firms face challenges from reduced discretionary spending and potential US rate hikes