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If Nifty IT gives a breakdown below the 35,400 level, it could potentially create chaos in the sector, said Rupak De, Senior Technical Analyst at LKP Securities. “On the other hand, if the index remains above 35,400, we can expect a meaningful price recovery in the IT space.”Edited excerpts from a chat: FII shorts in […]
IT stocks fell as much as 3.7% on Monday ahead of the earnings season, which starts next week with the announcement of third-quarter results by IT vendor Tata Consultancy Services (TCS) and HCL Technologies.HCL Technologies was the biggest loser, followed by Infosys, which fell 3.5% intraday to hit an intraday low of Rs 1,583.10 on […]
