GOLDEN RULES FOR TRADING

IT Stocks Outlook For The Week - 12 To 16.11.2018

IT Stocks Outlook For The Week - 12 To 16.11.2018

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             Equity Cash/Futures/Options Segment 

Stocks of information technology companies are expected to trade in a narrow band with a negative
bias during the next week as a strong rupee is expected to weigh on sentiments. Indian IT companies earn most of their revenue in dollars and a gain in the rupee against the dollar may hurt the margins and revenues of these companies. Crude oil price movement and broad market trend will be closely
watched by the investors. A sharp fall witnessed in crude oil price has raised concerns among
investors over the revenues of IT companies from their energy vertical as well.

Source : Cogencis Information Services Ltd.

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