Now Reading: Closing Bell: Sensex extends rising streak to seventh day, settles 521 pts larger, Nifty above 24,300; TechM up 5%, Tata Motors 4%
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Closing Bell: Sensex extends rising streak to seventh day, settles 521 pts larger, Nifty above 24,300; TechM up 5%, Tata Motors 4%
Closing Bell: Sensex extends rising streak to seventh day, settles 521 pts larger, Nifty above 24,300; TechM up 5%, Tata Motors 4%
India’s IT sector is experiencing a pointy selloff, with overseas institutional traders (FIIs) unloading shares of main corporations similar to TCS and Infosys. The Nifty IT index has dropped 26% from its peak.
TCS, Infosys, HCL Tech, and even midcap corporations like Persistent and Mphasis noticed FII exits within the March quarter, prompting issues: is that this the peak of pessimism, or the beginning of a extra vital correction?
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