IT stocks slumped on Wednesday, with the NSE IT index falling 3.36% to 28,137.60. The benchmark Nifty fell 0.4% but managed to close above the psychologically crucial 18,000 level. Higher-than-expected inflation readings in the US for August spooked sentiment as investors feared the US Federal Reserve may have to raise interest rates more aggressively to contain inflation, feared it will last longer
We believe that any slowdown in discretionary IT services spending related to the growth and transformation agenda will be quite significant and not yet fully reflected in the double-digit revenue growth forecasts for the industry.
We believe that any slowdown in discretionary IT services spending related to the growth and transformation agenda will be quite significant and not yet fully reflected in the double-digit revenue growth forecasts for the industry.
FOR GETTING BEST INTRADAY TRADING TRADING TIPS WHATSAPP ME ON 7772909587
Good Article.Thank you for the information you provided us.
ReplyDelete