GOLDEN RULES FOR TRADING

IT Stocks Outlook For The Week - 01 To 05.10.2018

IT Stocks Outlook For The Week - 01 To 05.10.2018

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             Equity Cash/Futures/Options Segment 

Stocks of information technology companies are expected to trade in a narrow range next week due to lack of definitive cues. The sector witnessed a fall yesterday after Accenture Plcguided for a lower-than-expected revenue growth for 2019 (Sep-Aug), but we see a good demand environment, which
could lift the sentiment in the upcoming week. Cues from quarterly results of Cognizant Technology Solution Corp and Indian IT firms are also awaited. The rupee's movement against the dollar and the performance of the broader market would also be closely watched.

 Source : Cogencis Information Services Ltd.

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