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.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce