Infosys ADRs plunge over 7%, Wipro down 5% as tech turbulence deepens on Wall Street

Market Overview - The broader US tech sector experienced significant pressure, with the Nasdaq Composite dropping over 300 points, or more than 1%, trading at 22,764.90 [1] - The S&P 500 decreased by 0.6% to 6,902.80, while the Dow Jones Industrial Average fell by 249.27 points, or 0.50%, to 49,872.10 [1] Company Performance - Cisco's stock plummeted by 11%, while major companies such as Apple, Nvidia, and IBM saw declines of up to 6% [2] - Indian IT stocks faced a steep sell-off, with Infosys' American Depositary Receipts (ADRs) dropping more than 7% to an intraday low of $14.59, and Wipro's ADRs falling by 5.4% to $2.26 [3] - The Nifty IT index in India settled 5.5% lower, with all 10 stocks in the index slipping into negative territory [3]