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.
ETMarkets Smart Talk: Growth vs Value – Sonam Srivastava on navigating the next leg of the market rally
While a soft landing remains a possibility, the market’s performance will depend on how effectively central banks navigate interest rate adjustments and how global economies
September 20, 2024