The two verticals that most IT companies saw notable slowdown were banking and telecom, and these two sectors saw significantly higher digital spend during the pandemic period. The commentaries by companies indicate that project ramp downs or cancellations might still be on-going as and when these projects come up for renewals.
Positive Breakout: These 7 stocks cross above their 200 DMAs
In the Nifty 500 pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 18, according to stockedge.com’s technical scan
June 19, 2025