IT Stocks Fall Up To 4% Ahead of Fed Meet Despite Rate Cut Hopes

• Indian IT stocks, including Coforge, TCS, and HCLTech, declined up to 4% on December 9, with the Nifty IT index falling over 1.2%.
• The decline was due to investor caution ahead of the Federal Reserve's FOMC meeting, where a 25 basis point rate cut is expected.
• Analysts anticipate a "hawkish cut" from the Fed, raising concerns about a tighter global monetary stance and its impact on emerging markets.
• The Indian IT industry faces challenges from reduced international spending and slim deal pipelines.

Why It Matters: Global monetary policy shifts could impact your IT stock investments.