As the stock market tumbles under the weight of the US Fed’s hawkish monetary policy, fund managers and analysts are advising investors to deploy cash in a staggered manner. They are selectively bullish on bank and IT stocks in the large-cap space. Within debt, mutual fund schemes that bet on medium- to long-term bonds could … Read more
Although known to be a resilient sector to invest in times of global macro uncertainty, IT stocks may continue to witness pressure this time. Neelkanth Mishra, India Equity Strategist, Credit Suisse, says he has gone underweight on IT services sector because he sees a never-seen-before challenge of revenues coming under pressure. “The challenge is that … Read more
Month of May was particularly bad for IT stocks, as reflected in about 6 per cent drop in Nifty IT index. The main reason for such a fall is now crystal clear – data released by NSDL shows foreign portfolio investors (FPIs) sold stocks worth over Rs 16,000 crore from the sector amid volatile rupee. … Read more
in an analyst meet reiterated its FY23 guidance of 13-15 per cent and said demand for IT services is strong and that there is no visible impact of macro headwinds. It talked about five areas of focus namely scaling of cloud business, continued intensity in digital, investments in next generation opportunities, advanced automation and employee … Read more
New Delhi: IT stocks have been reeling under pressure following the sharp outflows of global investors, which have pulled out close to Rs 1.65 lakh crore from the Indian equity markets in the current year. Majority of the IT players have missed the consensus growth expectations and the margin outlook has been moderate. BSE IT … Read more
NEW DELHI: Indian bluechip indices were trading with gains on Tuesday as traders came back to buy stocks at a lower level after two days of sharp fall. Bank and metals stocks bounced the most while pharma continued to be subdued. The main trigger for the market fall in the recent couple of months has … Read more
Information technology, diagnostics, NBFC and real estate players are likely to be the flavour of the upcoming season of buying. This would come on the heels of the Nifty crossing the 16,000-mark for the first time on Tuesday. ET spoke to research analysts at leading brokerages on their top picks for the coming months: Motilal … Read more
MUMBAI: While the benchmark indices recorded yet another lifetime closing highs today helped by technology stocks, the broader market saw weakness on concerns over likely rollback of some liquidity measures by the Reserve Bank of India (RBI). The Nifty50 index ended 1.0 per cent, or 137.50 points, higher at 14,484.75 points while the BSE Sensex … Read more
IT and pharma look very promising as we see the visibility of earnings in them, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services. Excerpts from an interview: Let us address what is going on within the cement space owing to the fact that UltraTech has certainly been in focus on the back of their … Read more
ET Intelligence group: IT has transformed into a ‘growth’ sector in a world beset by the Covid-19 pandemic, after shedding its long-held ‘defensives’ tag, resulting in disproportionate interest from local fund managers. Domestic mutual funds have raised their holding of IT stocks by 290 basis points over the last one year, taking their total holding … Read more