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With 8% weekly gains, Indian IT stocks shrug off US slowdown fears

The rally helped IT stocks shed the tag of underperformers as the Nifty IT indexs 1-year gains jumped to 24%, outclassing all its sectoral peers. The broader Niftys 12-month gains stand at 16%.

IT stocks jump up to 16% in 2 sessions. Will the Fed-fuelled rally sustain?

Largecaps pushed the benchmarks to yet another record high as Nifty conquered the 21,355.65 level. All five top stocks in the Nifty were IT counters with HCL Technologies, LTIMindtree, Infosys, Tech Mahindra, and Tata Consultancy Services (TCS) gaining between 4.7% and 3.89%. Barring Infosys, the rest hit their 52-week highs.

OneStream Software Recognized as a Leader in 2023 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions

BIRMINGHAM, Mich. (BUSINESS WIRE) Dec 4, 2023

OneStream Software Recognized as a Leader in 2023 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions – IT Business Net

Gartner Survey Finds 77% of Sellers Struggle to Complete Their Assigned Tasks Efficiently

Despite sales organizations investing in sales enablement initiatives, 77% of sellers report that they struggle to complete their assigned tasks efficiently, according to Gartner, Inc. Gartner.