It is close to two years that as a sector IT stocks has been getting all the negative reviews from analysts. In this painting all with the same brush, some of the mid-cap stocks where the business is not just servicing a big client but operating in a niche area have also got ignored. However, now a divergence is appearing. While Infy might have cracked after its Q2 result, some mid-cap and small cap witnessed a sharp rise post their result. It is probably a time to take a look at each company separately rather than just looking at what stocks like TCS and Infy are doing and take a call on the overall sector.
Sensex rises 400 points, Nifty nears 23,250 as investors await Fed meeting outcome. What to expect?
Sensex and Nifty rebounded around 0.5% on Wednesday after Tuesday’s selloff wiped out more than Rs 9 lakh crore from Dalal Street. Investors await the