The S&P 500 started the year slowly after a bang-up performance in 2023. Sector performance has been mixed. Growth stalwarts technology and communication…
DSP Nifty IT ETF’s new fund offer opened for subscription on June 21. The fund will try to mop up technology sector stocks that are available cheap following the beating they took since the beginning of 2022. The fund house hopes that the worst is over for technology stocks.
"While it sounds like Twilight Zone comment to many investors, tech stocks have become the new safety trade with Big Tech names a major beneficiary of this dynamic," Ives said.