Indian IT Stocks Seek Relief After Prolonged Slump Amid Global Market Shifts

Indian equities brace for a tentative rebound following six consecutive days of losses, mirroring gains in Asian markets and US futures. The respite extends to bonds, particularly long-tenor notes, after government supply cuts at the yield curve's far end. All eyes remain on Wednesday's RBI rate decision and potential US policy surprises affecting IT and pharma sectors.

IT stocks face mounting pressure, with the sector index logging its worst losing streak since February. Accenture's subdued outlook compounds existing headwinds from H-1B visa fee hikes. Analysts at Antique warn of protracted demand weakness, suggesting any meaningful recovery remains quarters away. Sector rerating depends on revived discretionary spending and improved deal conversion rates—factors conspicuously absent in current market conditions.