Valuation comfort sparks fresh buying in IT stocks

Information technology stocks rebounded on Monday, with the NSE IT index jumping 2.3%, as investors deemed recent weakness excessive. Analysts believe most negative factors are priced in, suggesting a potential bottom for the sector. Despite a cautious outlook, selective opportunities exist for medium- to long-term investors.

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Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation

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