In IT, industry growth and a high attrition rate are two sides of the same coin. The demand prompted aggressive hiring, talent retention and salary hikes, which caused severe margin shocks in the preceding quarters.
Indian markets fell on Friday amid profit booking in IT and healthcare stocks but headline indices still managed to end with near 4% weekly gains.
India’s stock market rebounded strongly, with Nifty crossing 25,000, boosted by geopolitical peace and the US-China trade deal. Analysts see further gains but advise selectivity.
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