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Hexaware Tech, Wipro: Are IT stocks a safe bet in the current market?

On a year-to-date (YTD) basis, the Nifty IT index has outperformed the market by surging nearly 18 per cent (as of Tuesday's close) as compared to a 7 per cent fall in the benchmark Nifty50

Topics
Buzzing stocks | Hexaware Technologies | Nifty IT stocks

Avdhut Bagkar  |  Mumbai 

IT service firms, workplace, office space, commercial, rent, employees, staff, tech, saas, data, privacy
For Wipro, the hurdle is Rs 290 for the breakout, as per the daily chart.

Information technology (IT) stocks were trading mixed on Wednesday. The Nifty IT index was down 0.6 per cent at 18,409 levels as compared to around 1 percent fall in the Nifty50 index. On a year-to-date (YTD) basis, the Nifty IT index has outperformed the market by surging nearly 18 per cent (as of Tuesday's close) as compared to a 7 per cent fall in the benchmark Nifty50, ACE Equity data show.

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First Published: Wed, September 09 2020. 10:52 IST
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