Analysts said valuations have now turned favourable for long-term investors as the underlying strong positioning of Indian IT incumbents is undisputed in the global IT landscape, with strong execution capabilities and extensive range of offerings.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.