Tech stocks slide up to 4% after Infosys hikes entry-level pay; Nifty IT index down 1%
Domestic tech stocks are witnessing heavy losses in Friday’s session, December 26, after the country’s second-largest tech company, Infosys, raised its entry-level salaries for freshers. Nine of the ten constituents of the Nifty IT index are trading in the red, led by Coforge, which dropped 4%, followed by Mphasis, Tech Mahindra, LTIMindtree, Tata Consultancy Services,…