Page 10 - Nifty It Index
Market Wrap, May 14: Here's all that happened in the markets today
Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels
 "Market Wrap, May 14: Here's all that happened in the markets today")
Low valuations don't make TechM a cool bet; investors advised caution
Telecom segment growth and margin recovery may not fructify soon
 "Low valuations don't make TechM a cool bet; investors advised caution")
IT shares under pressure on Covid-19 outbreak; TCS, Wipro hit 52-week lows
Infosys, Tech Mahindra and HCL Technologies were down in the range of 5 to 6 per cent in early morning trade today.
 "IT shares under pressure on Covid-19 outbreak; TCS, Wipro hit 52-week lows")
Rupee's fall may not prop up the margin of IT companies: Analysts
Higher attrition, elevated sub-contracting costs and pricing pressure are likely to negate benefits from a weak domestic currency
 "Rupee's fall may not prop up the margin of IT companies: Analysts")
Sensex zooms over 3,000 points in two days. Is it time to book profit?
The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts
 "Sensex zooms over 3,000 points in two days. Is it time to book profit?")
Nifty IT index up 2%; TCS at two-month high
Thus far in the month of May, Nifty IT index was up 7% as compared to 1.8% rise in the Nifty 50.
 "Nifty IT index up 2%; TCS at two-month high")
