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.
Concerns settled, share buybacks could flow via exchanges again
Sebi is proposing to bring back share buybacks via stock exchanges. This reverses a decision made a year ago. New tax rules have resolved earlier