We should not rule out the possibility that there is some profit booking that follows an event when typically it is buy on expectation and sell on news kind of a situation. So, that is where I think the IT sector may be taking a hit apart from whatever news flow is happening, that is the only near-term risk that there is some profit booking post FOMC meeting and that does affect IT as well.
Asian shares post modest gains before US payrolls
Asian shares saw slight gains as investors awaited US jobs data, buoyed by the S&P 500’s record high following Trump’s Vietnam trade deal announcement. The
July 3, 2025