According to the brokerage, Nifty IT Index has fallen by about 19% so far this year, which is a weak performance compared to Nifty 50. The brokerage noted that expectations from AI are high, but growth challenges remain. Source
Vikas Gupta, CEO & Chief Investment Strategist at OmniScience Capitalbelieves that the Indian stock market remains on firm ground amid a strong macroeconomic setup. He expects the Indian markets to outperform the other developed markets in the year ahead. Sectorally, he prefers the banking space and recommends avoiding IT and defense pack as valuations and…
The bloodbath in IT stocks showed signs of easing as the gauge tracking Indian tech companies extended gains on Tuesday, February 17, amid low-level buying. Several bullish investors are now using the recent tech rout — which wiped out ₹4.85 lakh crore in market capitalization of Nifty IT firms since Anthropic’s February 3 announcement —…
