Frontline indices fell nearly 4 per cent in November. But, analysts expect sectoral-rotation to take place from here on. This report delves into one such sector and the stocks that are likely to shine
Stocks like TCS and LTTS may explore uncharted territories in current market volatility
Despite the current corrective phase in IT sector, the overall positive bias seems to be intact for these IT stocks as they hold crucial support levels
While Wipro does show some weakness, the overall trend, so far, has not been dented by the selling pressure
In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex
stocks in the mid-tier IT segment have been buzzing and continue to see a good investor interest. Here is the lists of mid-cap IT stocks that look good on the charts
The current price action of these three stocks needs breakout to gain further traction, suggest charts
As many as 17 stocks from the IT sector hit their respective record highs today
TCS was quoting higher for the fifth straight day, gaining 5% during the period, as compared to 3% rise in the benchmark indices
If the Nifty IT index manages to sustain above 27,200 levels, the upside bias may see a rally towards 27,800-mark in the upcoming sessions
An up move above 26,000 levels may trigger a rally towards 27,000-mark in the Nifty IT index
After the recent correction in Nifty IT, the index is gradually rising
Infosys, Wipro, MphasiS and HCL Technologies from the Nifty IT index were up between 2 per cent and 3 per cent
With the market-cap of Rs 1.02 trillion at 02:15 pm, Tech Mahindra became the fifth IT company to join the Rs 1-trillion market-cap club
In a departure from past trend, analysts believe that Indian IT companies may post a strong performance for the third quarter of FY21 (Q3FY21)
Biden has indicated raising corporate taxes and capital gains tax if voted to power.
Despite the large economic impact of the Covid-19 pandemic, the markets have recovered sharply even though the performance among individual stocks has been quite polarised
The company expects the revenue and the operating margin for Q2FY21 to be meaningfully better than the top end of the guidance it had provided in July 2020
At the bourses, the Nifty IT index hit a record high of 20,748 in intra-day trade on Monday, up 2.8 per cent at 20,677. In comparison, the Nifty50 index gained 1.2 per cent on the NSE
Over the last 3 months, the Nifty IT index has gained a whopping 35 per cent, almost 6 times the rise in the Nifty50