Fed Policy Jitters Hit IT Stocks; Coforge Plunges 4%

• Indian IT stocks declined on December 9 ahead of the Federal Reserve's monetary policy announcement.
• The Nifty IT index fell 1.19%, with Coforge dropping over 4%.
• The US Federal Reserve is expected to announce its policy on December 10, potentially cutting interest rates by 0.25%.
• Investor caution regarding the Fed's policy and global client spending cuts impacted Indian IT companies.
• Broader Indian markets, including Nifty and Sensex, also experienced declines.

Why It Matters: US Fed policy decision creates uncertainty for Indian IT stocks and markets.