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Market experts are bullish on IT stocks, the correction in prices over the last few months has made valuations more reasonable. Strong deal pipeline, and growing hope of US interest rate cut support the optimism. ....
Around 23,000 companies, worth over half of the global listed market cap, participated in the assessment performed by the CDP on behalf of the investors representing an AUM of over $136 trillion.
" 18,975 is something to watch out for. So, in a day or two, if the indices are able to reclaim those levels, then the bounce till around 19,500 cannot be ruled out. But failing to reclaim the level, the 18,400 kinds of levels are something to watch out for and this correction might just get extended for 400 to 450 points more from the present levels." ....