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Shares of IT majors Infosys, Wipro, and TCS hit their fresh 52-week lows today as Indian markets tanked in line with global equities. High interest rates in the US and other major economies to tame inflation have brought the global economy on the verge of a recession which in turn has roiled sentiment in markets worldwide. Shares of Indian IT companies, which earn a majority of revenue from global clients, have taken a beating this year as the earnings outlook during the looming global recession turns grim. The shares of the three IT majors, which cater to clients worldwide, have fallen up to 45 per cent in the last one year. While Infosys is down 21.52 per cent, stock of Wipro has plunged 44.81 per cent during the period. Shares of TCS are down 22.51 per cent in a year.

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