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I.T Stocks Outlook for the week – 12 to 16.10.2015 (Infosys and Tcs Jul-Sep earnings to set trend)

I.T Stocks Outlook for the week – 12 to 16.10.2015
(Infosys and Tcs Jul-Sep earnings to set trend)
  www.rupeedesk.in )

Infosys Ltd, the first in the sector to announce Jul-Sep earnings, is expected to set the trend for information technology company stocks next week. The Bengaluru-based company will detail its Jul-Sep earnings on Monday followed by Tata Consultancy Services Ltd, which will announce its results on Tuesday.

Market participants have pinned their hopes on positive earnings from these two large-cap companies, given that HCL Technologies Ltd had issued a profit warning that its dollar-denominated sales in Jul-Sep will be adversely impacted and that it will take a $200 mln charge to resolve a dispute with a client.

If Infosys and TCS perform well, the sector will see buying interest barring HCL Technologies, which is expected to be rangebound in following sessions.