It contains tank up to 10 pieces on our reciprocal rates; Sustained, Coforge Major Losers

New -Delhi, shares of information technology businesses dropped to 10 percent on Thursday after US President Donald Trump announced reciprocal rates at about 60 countries worldwide, including India. The move is expected to affect India’s exports to the US. However, the Trump administration said nothing specific to the IT sector. The stock of sustained systems tumbled 9.92 percent to close £ 4,788.20 each, Coforge with 7.77 percent to settle to £ 7,157,25, KPIT technology with 7.66 percent to £ 1.212, TATA consulting services by 3.98 percent to £ 3,403. up to £ 3,403.90 £ 1,369.65 on the BSE. In addition, HCL Technologies shares fell 3.71 percent to finish at £ 1,470.80 per piece, Mphasis by 4.05 percent to settle to £ 2,374,30, with 3.41 percent to £ 1,497, and Wipro by 2.75 percent to £ 256.40. On the other hand, Cyient dropped by 2.67 percent to £ 1217.25, and Mastek 0.44 percent to £ 2,176.80 on the scholarship. Of the 30-share Sensex firms, TCS, Tech Mahindra, HCl Technologies and Infosys were the most important decline. The BSE IT index dropped 1,348,57 points, or 3.78 percent, to close at 34,293,59. The BSE measure of 30 shares fell by 322.08 points, or 0.42 percent, to close at 76,295,36. US President Donald Trump announced on Wednesday for higher duties imposed by US products worldwide, announcing reciprocal tariffs on about 60 countries, including India. He announced 27 percent of reciprocal rates on India and said New -Delhi places high import duties on US goods. According to market experts, IT service providers are concerned that the trade war initiated by the US administration is likely to harm the appetite of the Indian businesses for their services. This article was generated from an automated news agency feed without edits to text. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock Marketsit shares tank up to 10 pieces on American reciprocal rates; Sustained, coforge major losers less less