While the front-line IT stocks have started to show momentum, there are some good trade setups seen in the midcap IT space as well. This mid-cap IT Services and Consulting company has shown indications of some potential reversal of trend and up-move in the prices over the near term.
RBI net forex buys hit a record $43 billion in August, balances it with swaps
The Reserve Bank of India recorded a net purchase of $43.26 billion in August’s foreign exchange market. This was done to manage significant dollar inflows