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Indian IT services stocks fell sharply for the second day in a row, hit by new reciprocal U.S. tariffs. Major companies like TCS, Infosys, and HCL Tech experienced declines, with the Nifty IT index dropping 1.5%. Market sentiment remains weak amid expectations of lower earnings and ongoing uncertainties.
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The business secretary says he wants to reach an economic deal but would take "necessary steps' if talks failed.
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The Indian markets showed resilience in March, rebounding from the February downturn, driven by strong domestic liquidity, positive global cues, and expectations of stable economic growth.
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