Traders built fresh bearish derivative positions in IT stocks as caution ahead of Q3 results and recent downgrades weighed on sentiment. The NSE IT index fell 1.4%, with most stocks declining. Analysts remain cautious due to seasonal softness, geopolitical uncertainty, and concerns over potential US tariffs, recommending reduced exposure for the near term.
India valuations hit 6-year low, but stocks still expensive than EM peers
India’s equity valuations have reached their lowest levels in six years after a recent market decline. Factors contributing to this decline include foreign selling, a
October 26, 2026