The drop in US inflation and yields, along with India s CPI inflation moderation, fueled a robust rally in the Indian market. Shares of Persistent Systems recorded a new all-time high of ₹6,396 apiece in today s trade.
Concerns related to macro headwinds are unlikely to abate soon, restricting any material outperformance for Indian IT companies, according to analysts.
TCS, Infosys, Wipro: Nuvama said despite a weak outlook for the US, the Capgemini management maintained revenue growth guidance due to resilient demand in Europe.
Although experts are cautious in their predictions for the future owing to deceleration in the IT sector owing to global uncertainties, you may consider Cyient, PSYS for your portfolio.